Review of 24th jan and Update for 25th jan 2013

NIFTY FUTURE – Review of 24^th   Jan

NIFTY FUT – A tough day from a trading point of view But let us quickly summarize how the day spanned out versus the trading levels. Yesterday NIFTY FUT pulled back sharply from the support levels and managed to close a shade above the 6060 support levels.  We mentioned that this will form the immediate reference levels . This was also  mentioned as the TREND DECIDER of the day.Yes 6060 was the trend decider and markets barring few early moments pulled down  and failed to hold onto those levels. Look at the market reaction once that level was breached. It went on to test the support levels of 6025 and beyond. We clearly mentioned that 6025 if broken then markets will go onto test near 6000 levels and that is what we had identified as the swing support and supply zones. Market made a low just above that level and pulled back sharply all the way to make a top exactly below the trading levels of 6060 again. Was this a magic… or simple trading and technical analysis.
The point to be noted that despite amid volatility markets still respected the trading levels that were identified.
While our traders have come out winners in the past few sessions the problem with the movements have been that no strong move on either side was followed by  a good follow up move.
Markets are trading volatile and managed a first close below the 6060 trading zones. How to trade the markets in these conditions? Read our analysis for the next session.


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NIFTY FUT traders too a pull back long trade near 6020 trading zones and booked profits around 6040 levels. Not a great day, but we are pleased we came out safe with small gains even on a volatile trading session....… 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 – 25^th   Jan  Trading Guide

NIFTY FUT  traded volatile and despite a test of 6060 levels pulled down and closed below the crucial trading levels of 6060 at the same time the swing supply zones of 5990-6000 levels are still intact. For immediate trading levels 6060 will prove as the immediate resistance. It will be important to see a short term close above that levels to confirm that the bottom has been respected. Above that hurdle will still remain at 6095 trading zones.
Readers will recall few sessions back once we analyzed the levels we mentioned that the swing zones remain at 6000 on the downside and 6120 on the upside. We advised traders to look for pull back trades within this zone.
Market in the past few trading session provided an exact opportunity to trade this range giving away good gains.
On the downside 5990 6000 will hold fort if that is breached a swing weakness will be confirmed. Below that support lies at 5960.
How to trade the coming sessions: Look for a pull back trade if market holds above the 6025 range with targets below 6055  and safe traders may wait for a confirmed break above 6060 range.  Also we need to look for a short trade if markets trade below 6025 or a breach of 5995 on the downside.
Swing indicator wise the short term indicators remain negative until NIFTY FUT trades below 6060 and the mid term momentum indicators are also neutral at this trading level. This will be negative once NIFTY FUT trades and moves below 5995 levels.

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As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6060-65   sustaining above which it will target 6090,6105,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 6025-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5995-6000
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5960,5930,5890

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

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