Review of 18th Feb and Update for 19th Feb 2013

NIFTY FUTURE – Review of 18^th Feb

NIFTY FUT – A fantastic trading day and a perfect opportunity given to trade the strategy using the trading levels that we just discussed yesterday. We had clearly mentioned that 5860-70 will form as the Buffer zone meaning trading above that level which was also the TREND DECIDER of the day NIFTY FUT will tend to trade positive. We also mentioned that 5900 was the BEARS LAST stand point as well and above that NIFTY FUT will attempt 5925 levels.
Look at how NIFTY FUT played out, in the morning once it managed to open and trade above 5860 levels. it moved into trading with a positive bias.
Once NIFTY FUT managed to cross that proved a good enough confirmation that the bias may remain positive. Then it went to make a top exactly below 5925 levels.
Hope readers who read used the trading levels has a good trade and managed to trade well.

Read more about a trading plan and strategy and implementation in our post for the next session.

NIFTY FUT traders went long above 5890 and booked gains till 5915 , they managed to book partial profit and closed remaining positions near 5910 levels once 5925 was not cleared …. 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 – 19^th Feb  Trading Guide

NIFTY FUT –  managed to test the near term resistance of 5925 and closed below it. There are two parts to the close today. One a pull back trade was attempted and the fact the NIFTY FUT managed to close above 5890 is a good sign that the Pull back sustain. At the same time what bears will draw solace from is 5925 is not cleared and all rise till 5960 will be resisted as well.
So risky traders looking for long traders have an opportunity to trade with tight stops  and be prepared to quickly reverse once the levels are broken.
Short players will either look to trade a pull back short in rise to 5960 zone and use it as a stop and reversal zone or wait for a minimum break of 5890 to confirm a lower top formation in the charts.
Safe traders may want to wait for the break of 5860 zones.

Trading levels wise on the upside 5925 will form as the immediate resistance and above  will tend to attempt the 5960 zones. Swing hurdle will continue to remain at 5960 levels. This is the level the mid term BULL players will watch out for.
On the downside immediate support comes at 5890 levels and that will almost form as the intraday trend decider for the next trading session below that we have to watch out for another test of 5860 zones. In case that breaks as well , BEARS will be in total control and can take NIFTY FUT down to 5830 levels and lower.

Coming to trading plan and strategy. The idea of sharing levels is to help a trader plan for the trade, well in advance and trade as per the plan.  This will help one keep noise away ( Noise= analyst views, emotion based on global mkts , friends news, source etc) . If we stick to price movements and trade as per levels it gives a clean non biased view.  It’s a practice as a trader day in and day out. The more we practice the more perfect does the timing become ( just like hitting a cover drive J )
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Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5925-30    sustaining above which it will target 5965,5995
POWERTRADE TREND DECIDER OF THE DAY ------- 5890-95
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5860-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5835,5810

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

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