Monday, 22 April 2013

Precise Daily Trading in NIFTY with Price point analysis. Increase your trade accuracy


NIFTY FUTURE- Review of 22nd Apr
NIFTY FUT – we had mentioned that if it manages to trade above the TREND DECIDER of 5770 levels it will trade with a positive bias.This is exactly what happened. Let us review what we wrote yesterday.
 We wrote—“ , It will be important for NIFTY FUT to trade above the 5770 trading levels. In case NIFTY FUT manages to hold above that zone it will again go on to test the 5800 trading levels . Trading above that zone  it will try and attempt the swing hurdles of 5830-35 which was a long term trading level”
NIFTY FUT in the morning session once it managed to hold above a 5800 trading levels it gave a buy opportunity to traders to target the 5830 trading levels.
IN fact  got the same opportunity twice during the mid day trading session when that level was tested again and we managed a pull back.
We indeed took that trade too, and were spot on with the exit timing to get a neat gain in a small trading session.
But the star trade was going long in the BANKNIFTY FUT where we minted over 130 points of gains in a single session. This is in fact turning out to be a massive month for BANKNIFTY FUT trading.

Now that NIFTY FUT has managed to clear the 5830 trading levels on a swing basis where is the next hurdle. Will BEARS Fight back or BULLS rule.


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NIFTY FUTURE – 23rd    April  Trading Guide
NIFTY FUT closed above the crucial swing hurdle of 5830 and looks strong, I’m sure lot of analysts on television would have changed their stands and shouting longs lately. But readers will recall that we had mentioned in way back when NIFTY FUT tested 5500 levels, that until we see a close below that level, there is a fighting chance of a pull back and presents a low risk buying opportunity. Since then we had witnessed a strong pull back of near 330 points now. Hope traders earned good gains in these sessions.
Now the 5825-30 level will behave as the immediate TREND DECIDER of the for the next trading session and in case it manages to hold above these levels it will trade with a positive bias and target upside levels of 5860-70 zones which is the next trading level from a swing as well as an intra day point of view now.
In case NIFTY FUT even manages to clear that level look for another round of build up of longs to target all the way upto 5920 trading levels on a swing basis.
On the downside in case if NIFTY FUT trades below 5830 odd trading levels it will again trade in a listless manner is likely to find downside support at 5800 trading levels Expect BEARS to take contrl and be in charge in case NIFTY FUT trades below the 5790 trading levels. On the downside it can fall all the way upto 5760 trading levels where we should surely see some swing based accumulation and supply upto 5730 trading levels. Any breach and trading below it will mean the end of the swing upside.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5860-65   sustaining above which it will target 5890,5920
POWERTRADE TREND DECIDER OF THE DAY ------- 5825-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5790-5800
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5765,5735

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