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NIFTY FUTURE- Review of 20th Mar

NIFTY FUT –  yesterday we mentioned that the 5750 levels are the immediate TREND DECIDER zones and  we also discussed that below 5735 levels NIFTY FUT may move to 5700 levels  , where option data suggests that we can find some support.
NIFTY FUT went during the day trading session failed to clear the 5750 zones and once 5735 was breached  it went to test exactly the 5700 trading levels.
Now let us review our trading levels and how did we perform with respect to that. Our BULLS LAST STAND point was given at 5735 and a breach of that produced a downside move to exactly test the downside targets.
A small trading session range but levels worked beautifully to give a good trade. We clearly had asked traders to short on rise as until on a swing basis 5800 is not cleared all pull backs on the upside will be resisted.

Now that we have just tested 5700 and barely managed to hold on to it. What are the levels to watch out for.  How to plan the next trading session .


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NIFTY FUTURE –21^st   Mar  Trading Guide

NIFTY FUT barely managed to hold on to the swing support levels of 5700 where it marked an exact low today. Thankfully our readers and traders were well planned for this trade. How to trade the markets at these levels where at one hand it looks weak and at the same time it looks to too stretched and the downside risk reward may not look extremely favorable.

Before we do that let us also review how do we go about planning the trades and what is the systematic approach we take. It’s a step by step process and comes extremely handy.

Review the previous trading sessionà Capture the data both from short term and swing trading time frames à analyze the data with respect to the price points --> combine various levels to arrive at multiple trading opportunities  à Once the trade is planned execute it during market hours

This few step process helps in refining and improving the trades on a consistent basis. One important aspect is to stick to one’s trading plan and take the trade as soon as it reaches your price point.

Now coming back to the trading levels. NIFTY Fut will now face immediate hurdle at 5735 zones and if it manages to clear that will again try to attempt the top today at 5755-60 levels.  Above that we can see price moving all the way upto 5800 levels.
On the downside NIFTY FUT has support at 5700 levels and a breach of that can lead to a test of 5665 and below markets may be poised to test the critical trading levels of  5630 odd zones.
That trading range all the way till 5600 will be keenly watched last time we projected strong support there and our readers took a fantastic low risk trades to get massive swing gains.
We will keep our downside view for now restricted to that zone and see how market trades. At the same time since momentum is on the short side it will be prudent to ride it and keep the shorts on below the 5700 trading levels.

Swing indicator wise the short term momentum indicator are  trading negative and will continue to hold so until it trades below 5765  levels. The mid term momentum indicator are also negative now and will hold so until NIFTY FUT trades below 5825 levels

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5755-60 sustaining above which it will target 5790,5820
POWERTRADE TREND DECIDER OF THE DAY ------- 5730-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5700-05
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5665,5635

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.