NIFTY Exact top at 5730 levels as per the trade plan. What is the high probability trade at this level

NIFTY FUTURE- Review of 17^th Apr

NIFTY FUT – For Wednesday we had mentioned that 5690-5700 will hold as the trend decider and cross of that will attempt the 5730 levels.
We also discussed that 5730 will be the next key swing level to watch out for. NIFTY FUT in the morning sessions once it managed to sustain above 5700 levels went on to make an exact top there at 5730 odd trading levels.
From there we saw a sharp fall to make an exact low near the 5660 odd trading zones. We had mentioned that 5660 will hold the key on a swing basis, this was respected and we saw a good pull back at that zone to close again at 5700 odd trading levels.
This resulted in a good trading day for us, we failed to take the short trade which was a contrarian opportunity but took a good long trade in the morning session making in decent gains.

NIFTY FUT closed near the 5700  for the second consecutive trading session . where is it headed next , what are the crucial trading levels to watch out for?. Read our analysis for the next session.

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NIFTY FUTURE – 18^th  April  Trading Guide

NIFTY FUT closed near the 5700 trading levels for the second consecutive trading session. Almost an identical close as compared to the previous trading session.  This is the most important take away from the previous session.

Also another take away is that we saw a top being made at 5730 trading levels, this will be the immediate break out level to watch out for if NIFTY FUt manages to hold at these levels. If we see a sustained break out above that zone we will see another round of upmove on a swing basis from there on.

Upside targets remain at 5765, 5790 trading levels. Long time readers will recall 5765 was a level we dealt with for quite some time in the last series.

On the downside it will be important for NIFTY FUT to sustain above 5660 levels for the break out of yesterday to hold and trading below that will lead to test of 5630 levels , which was the immediate break out level in the last session.

Trading strategy: Look to take pull back trades on dips until 5660 odd trading levels. On the upside look to take a break out trade above 5730, Risky traders can look to create longs in case NIFTY FUT manages to hold above 5700 trading levels as well. Short can be taken in case it holds below 5690 or on a break down of 5660 trading levels

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5730-35  sustaining above which it will target 5765,5790
POWERTRADE TREND DECIDER OF THE DAY ------- 5690-5700
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5660-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5630,5605