Review of 15th jan and Update for 16th jan 2013

                                       

NIFTY FUTURE – Review of 15^th   Jan

NIFTY FUT – We had discussed yesterday that markets have broken out of the trading range and may carry the momentum through. For quite a few sessions and even yesterday we had clearly mentioned that above 6055 markets will head for the next swing levels of 6095 zones. This is exactly where markets topped out today.
Also check our TREND DECIDER and the BEARS LAST Stand point of the day mentioned for today.

We mentioned that the TREND DECIDER is at 6040 levels , this is exactly where markets found support today and pulled back to make a high exactly again at the BEARS LAST stand point of the day.
We also mentioned that the Momentum indicators are now positive and hence that acted in favor of the long side trades.hope the readers had a good trading session today.
Now that markets have done the projected targets levels it becomes even more important to look forward to the next session. What is the levels to look forward to in the next session? Will the long rally last further? Read our analysis for the next session.

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NIFTY FUT traders went long near 6053 and booked massive gains all the way till exactly our target zone of 6094. The star performer of the day was Banknifty where we have booked 150 plus points in just two trading sessions ..… Are you looking for complete guided trading without any hassle?.. Are you still worried about your trade entries? Are you missing on these turning points entries? How about looking at our points guaranteed services. …... Where to take the next trade? Did you catch the move in the right time?.... Are you still guessing where to trade? Subscribe to our premium calls and leave your trade entry and exit worries to us. 

NIFTY FUTURE – 16th  Jan  Trading Guide

NIFTY FUT broke out of the trading range yesterday and for a change displayed some follow up momentum on the subsequent day and eventually did the upside target zones today itself. Traders must keep in view that NIFTY FUT had been stuck in a 120-130 point range for a good long time and hence a move and target of 40-50 points will also serve well. The range bound markets have been testing times, more in terms of patience and ensuring we don’t end up over trading around the same levels. these are the common pitfalls a trader experiences .
Also the fact that the upside targets are done now. First thing is to sit back and review if there are any warning signs or a cause of concern.  Few things that need to be checked is for now NIFTY FUT seems to have slightly outperformed BANKNIFTY as we have not seen much of all round momentum in the banking space specially the PSU banking space as of yet.
We will want and wait for NIFTY FUT to take out this top of 6100 levels or to look for sharp dips to get back into long positions. NIFTY FUT now faces immediate support at 6055 zones and a breach of that on the downside will again put it back in the range bound zones. On the downside below that support will emerge at 6025 zones and this should see some supply coming in. On the upside NIFTY FUT now faces immediate hurdle at the top created today, Above that NIFTY FUT will try to test the zones of 6130 levels and above that lies the target range of 6175 levels.


The short term momentum are now trading positive again and will continue to do so until NIFTY FUT manages to hold above 6040  levels. The mid term momentum indicators are now positive as well and will hold so until NIFTY FUT holds above 5995 levels.
As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6100-6105   sustaining above which it will target 6135,6175
POWERTRADE TREND DECIDER OF THE DAY ------- 6055-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6020-25
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005, 5995,5975

Detailed analysis also posted at www.powertrades.blogspot.com

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.