Review of 11th Feb and Update for 12th Feb 2013

NIFTY FUTURE – Review of 8^th Feb

NIFTY FUT –   A typical range bound session again where NIFTY FUT just traded within 30 odd points giving little  away on either side. Because of that fact we will keep our update short and sweet today.
Let us review based on the two key points , one on the downside that is 5890-5900 zones ( BULLS LAST Trading point) markets just manage to hold above that trading zone and ensured that we stay in a range bound move.
On the upside we marked that 5935 is the TREND DECIDER of the day. NIFTY FUT made a momentary high just around that levels and once failed to sustain moved below to test the BULLS LAST stand point giving the only little trading opportunity in a range bound session.

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NIFTY FUT traders went short exactly around 5935 zones and booked profits near 5915 near the closing stages of the market…. 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 – 12^th Feb  Trading Guide

NIFTY FUT –  closed in between the pretty much No trade zone of 5900 and 5930 proving the fact that both the BULLS and BEARS are non-committal at this stage . as for the BEARS markets have witnessed a sharp correction and are just hanging around the swing support levels. A further weakness will only be confirmed once 5890 levels break down. Else they will only look to short in pull backs to 5965 levels to increase the risk reward ratio.
For BULLS we need a confirmed move above 5960 levels to ensure that we have formed another intermediate short term bottom.

NIFTY FUT on the downside  key support remains  at 5890-5900 zones. In case that level is breached we may be looking to target the strong swing supply zones of 5835-45 zones.  Expect that level to be the key mid term trend decider of the market.
On the upside now 5935 will form as the immediate hurdle to watch out for and above that hurdle will come in at 5960-65 trading range. Until 5965 is convincingly cleared NIFTY FUT should resist any pull back and may be a shorting candidate on rise.
Now since the trading range for Monday was very small it becomes even more imperative that these levels are watched out keenly. A trade can be initiated on the break of the trading range on both side. This will give very low risk entries for trading,
Although Safe traders and swing long players may really look to see a close above 5965 to do so.
This would  pretty much be the trading strategy as well for the coming session.

Swing indicator wise the short term indicators are negative and will continue to hold so until NIFTY FUT trades below  5930. Mid  term momentum indicators are negative now and will continue to hold so until NIFTY FUT trades below 5995  levels
As for trading today the levels are as follows and pretty much remains the same:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5960-65   sustaining above which it will target 5995,6025,6045
POWERTRADE TREND DECIDER OF THE DAY ------- 5930-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5900-5905
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5865,5830

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

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