Review of 8th jan and Update for 9th jan 2013

NIFTY FUTURE – Review of 8^th   Jan

NIFTY FUT we had another range bound session struggling to break away out of the trading range of 6050 levels on the upside and 5990 levels on the downside. The fact that it didn’t even go onto attempt the lower trading levels of 5965 zone signifies that the underlying strength is still strong for now.
We had discussed that the TREND DECIDER of the day is 6020 and market opened just a shade under that level and pulled down to make a low exactly above the BULLS LAST STAND point ( the last support zone) for the BULLS.

Our readers are well aware of this level on the downside and this is where markets found support and pulled back to close at the higher trading range of 6040 levels on the upside.
We also discussed the Bollinger bands on the previous session and spoke of the potential range expansion, we saw a hint of that today, as the band range expanded today to nearly 70 odd points.

Now that NIFTY FUt has again tested and failed to pierce through the trading levels and support of 5990 what holds in store for it in the next few session?

.

Readers may also mark our blog : powertrades.blogspot. you may also simply register your email ID online and get all the trading digest and other technical posts right into your mail box.

POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

NIFTY FUT didn’t  traders today went long from the lows and captured a neat 25 odd points. Today was a unique day in a way where BANKNIFTY FUT traders went short and earned 57 odd points. Our traders today made two  profitable trades on both sides of the range.. … 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 – 9th  Jan  Trading Guide

NIFTY FUT  again traded within the trading range as discussed but managed to close on the higher side of the trading range and also we saw some range expansion possibilities this goes on to increase the possibility of break out side this trading range.  We had been discussing that one should either stay neutral or look for pull back trades within this range. Breakout or break down trades should only be preferably taken outside this trading range.
.
Support now remains at 5990 levels on the downside. we would expect to go short once the 5990-6000 range breaks down. Below that the support or target levels emerge at 5965 and below that at 5945 range.
On the upside a resistance still remains at 6050-55 zone and clearing that NIFTY FUT can attempt 6098 levels and higher. Above that midterm swing targets are now at 6170 levels. 

The short term momentum indicator remains strong and positive and will continue to hold so until NIFTY FUT trades above 5990 levels.  The midterm momentum indicators remain positive until NIFTY FUT holds above 5940 levels.
Have you subscribed to the zero subscription model and trading the automated signals, yes there are no subscription charges to trade the automated signals.  Read at http://www.powertrade.co.in/smartsignals for more details on how to sign up for automated trading signals
As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6055-60    sustaining above which it will target 6098,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 6010-15
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 595-90
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5975,5945

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.