NIFTY Fut tested the key levels today? Where are high probability trading entry levels? Market Analysis

NIFTY FUTURE- Review of 12th Mar

NIFTY FUT –  The three trading levels pretty much sum up the accuracy of the analysis this time around. We mentioned that the TREND DECIDER of the day is 5975. NIFTY FUT high made is 5975. The BULLS LAST STAND point of the day was marked as 5935-40 and below that the target identified was 5910. NIFTY FUT once broke that zone made a low just above 5910 and on the upside again paused the move at 5973 levels.
The crux of the matter is couple of sessions back we mentioned that 6000 is going to be  a hurdle and also at the same time we expected supply to come in at 5900 zones.
For the past few sessions markets failed to clear the 6000 levels and made a lower top on short term charts. Now NIFTY FUT witnessed some profit booking to test the 5915 levels.
Readers will recall from old posts that 5915 was the previous top we discussed. Back then we mentioned that on a swing basis if 5915 is taken out there is a chance of 5975 to be witnessed.
Today was a first day we witnessed lower highs and a lower low and also NIFTY fut closed below 5950 levels.
The strength of this upswing will be tested in coming sessions on how we manage to sustain the support levels.
They may also provide another low risk buying opportunities too
What are the support levels to watch out for? Where are the zones that we can take a low risk trade? Read our analysis for the next session.

NIFTY FUTURE – 13^th  Mar  Trading Guide

NIFTY FUT closed near 5930 levels more importantly after nearly three failed attempts since yesterday to take out the swing highs and resistance levels.
Is the upmove a false one, will it hold on to its levels? To analyze that we have to view both short term levels and mid term levels in perspective and find a common ground of high probability trades.
Firstly on an intraday basis let us review the charts. NIFTY FUT will find immediate resistance at 5950-55 levels and until that is cleared at least all pull backs will be resisted. On the downside immediate support will emerge at 5910-15 levels.
But now coming to swing levels a breach of the 5910 levels will find support there at 5890 zones. This Is the swing retracement levels of the previous swing highs of 6120 and the lows made recently.
Only a breach of 5890 on a sustained basis can see a further weakening and take slide NIFTY FUT all the way till 5840-50 zones.
On the upside key hurdles will remain at 5975 levels yet .  Risky traders can create longs in dips to 5900 or in clear of 5955 . Safe traders can wait for a clear of 5975 to enter trades as well.
Short term intra day traders at the same time need to look for look for reversal and stop pull back trades within this zone.

If we combine the intraday and swing levels 5890 and 5850 zones are key to watch out for. But at the same time look for a pull back and trade and entry based on intraday levels with low risk stops.


Swing indicator wise the short term momentum indicator are neutral now and will be negative below 5890  and positive above 5955 levels again.. The mid term momentum indicators are now positive as well and will continue to hold so until NIFTY FUT trades above 5860 zones.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5970-75 sustaining above which it will target 5990,6025,6040
POWERTRADE TREND DECIDER OF THE DAY ------- 5950-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5910-15
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5890,5860