Trading review of 5th March and Market Analysis for 6th March

NIFTY FUTURE – Review of 5^th Mar

NIFTY FUT –   Just yesterday we discussed that there was a mark increase in accumulation of the 5700 PE compared to the previous session, while that was an indication that was not enough to justify long positions on its own.
But this is where the trading levels play an important part. We have been harping upon the point that 5760 is a crucial swing trade decider and any move above it will ensure markets pull back to the 5800 levels.

We also mentioned that the TREND DECIDER of the day is 5730 levels. Look at the market low made in the opening session ( Low made exactly there). Once NIFTY FUT managed to sustain above that trading level it was evident that a pull back is on the cards.
5730 was also mentioned that level where the short term indicator turned positive , this served as an added confirmation as well.
To be honest we didn’t expect the pull back to be this strong as well, but this is the advantage one gets when one does trade in a systematic manner. We don’t get into the business of predicting things. We have  projections and potential levels in mind but we let the market run its own course.

Hope everyone too had a good trade in the sessions, the volatility of late is a huge welcome after a long period.

Also to note is smartsignals have given a whopping 700 points plus returns in last 3 trades alone making it a big winner.

NIFTY FUT closed strong near 5800 levels, What are the next key swing hurdles to watch out for. Read our trading analysis for the  next session.
                                                                                                                     
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NIFTY FUTURE – 6^th  Mar  Trading Guide

NIFTY FUT –  Managed a strong close above the 5800 zones. And have given a surprise pull back for many. The key take away here is we would had heard lot of analysts saying over the past few sessions asking to look for short trades.
Where we clearly mentioned that shorts will only be considered if 5630 odd levels cracked. In fact amidst all mayhem we also advised traders saying that  these are terrific investment zones for long term traders. And voila we have already witnessed a near 150 points pull back from the investment zones.
Again we repeat when we say investments we intend for it to be in  a staggered manner, and more so to plough back your gains from the future short positions and at  the same time to create a low risk entry.

Now NIFTY FUT will have immediate support at 5790 levels and trading below that will again tend to drift down to 5760 zones. A sustained close below it will again ring the warning bells for the BULLS again. Below that NIFTY FUT can drift down to 5730 odd zones.
On the upside we have immediate resistance at 5830 levels. Also let us quickly look back the weekly charts that we reviewed yesterday. A crucial swing resistance comes at 5855-60 zones and these the levels where this upmove can face some serious challenge.


Swing indicator wise the short term momentum indicator turned above 5730 levels and will continue to hold so above  5760 levels. The mid term momentum indicators are now positive as well and will continue to hold so until NIFTY FUT trades above 5690 zones.



Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5825-30 sustaining above which it will target 5855, 5890
POWERTRADE TREND DECIDER OF THE DAY ------- 5785-90
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5755-60
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5730,5700

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

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