Review of 4TH Feb and Update for 5TH Feb 2013

NIFTY FUTURE – Review of 4^th Feb

NIFTY FUT – What a cracker of a day finally, markets breaking out of the trading range that it has been stuck in for quite some time.
Readers will recall that we had posted and analyzed the charts yesterday, where we clearly mentioned that NIFTY FUT has now closed below the ascending trend line and now looks dangerours.
What was the  trading strategy we wrote for today:” . Stay neutral in this range of 6060-6025 and look for a break out or a breakdown trade outside this range. In case of a gap up scenario above 6060 high risk traders can go short if NIFTY FUT manages to sustain below 6060”
Hope this trade worked out well as markets opened gap up just near 6060 and it failed to sustain near that range and drifted down immediately giving an early low risk entry. Then for most part of the day NIFTY FUT traded in a range bound manner. Look at the strength of the fall exactly after it breached the 6025 zones, our TREND DECIDER of the day.
Another beauty was look at where the slide finally stopped or the market low made. Exactly at 5990 levels. Our BULLS LAST STAND point of the day.
This close makes it even more interesting for the coming session. We had a good fall today, what is the immediate caution area to watch out for? Read our analysis for the next trading session.


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NIFTY FUT traders went short near 6030 zones and booked massive gains till 5995 as per our trading levels. BANNIFTY FUT traders too had a cracker of a trade  raking up and average of 120 plus points making it an average return of near 220 points per lot in just trading 2 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 – 5^th Feb  Trading Guide

NIFTY FUT –  closed at a crucial trading level of 5990, this will be very important to watch out for in the coming session, Today’s low created will form as the immediate support zone to look for in the coming session.
NIFTY FUT has closed below the trading range and the trend line and is now trading below it.
Above this trading range  6025 will now form as the immediate hurdle. All players looking for long trades need a minimum confirmation of market to move and hold above that level. Above that hurdle again comes at 6040 range and swing hurdle now is firm at 6060 levels.
On the downside if NIFTY FUT manages to trade below previous low made at 5990, then expect more downside to test the downside projections that we had drawn in the chart yesterday.
Immediate targets below that emerge at  5970 zones and that can be a short term supply and buffer zone. Below that the swing supports are at 5940 range.

Now how to trade the coming session. Stay neutral in the range till 6025 and look for a long side trade only sustaining above it. High risk traders can take short trades in pull backs to 6025 zones. Also look for a short trade on break of 5990 levels.

Swing indicator wise the short term indicators are negative and will continue to hold so until NIFTY FUT trades below 6025.Mid  term momentum indicators will turn negative if NIFTY FUT manages a close below 5990 levels.

As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6020-25   sustaining above which it will target 6045,6065,6090
POWERTRADE TREND DECIDER OF THE DAY ------- 5990-96
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5960-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5940

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

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