NIFTY FUT 6090-6125 zone holds the key? Can all time highs be tested in coming months?

NIFTY FUTURE- Review of 9^th  May

NIFTY FUT –  One of the most significant things that we have been able to achieve with price point analysis is to be able to project the range even before they are tested. Readers will recall we wrote above 5935 even before we saw that level being tested.
We wrote about 6090 as an upside swing target and markets exactly paused there in the up move.
As per yesterday’ lets see what we discussed. We wrote:
“closed the day strong exactly at 6090 trading levels.  This will now form as the immediate hurdle”
NIFTY FUT marked an open high there and eventually cracked the TREND DECIDER, below that low was exactly made above out BULLS LAST STAND point levels.  For that we had also written that it is the crucial swing support and selling pressure will only intensify if that level is broken. Since that level was sustained we saw markets pulling back and managing to close around the TREND DECIDER.

Why is 6090-6125 such a crucial zone to watch out for? Where can markets head to beyond that point.

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NIFTY FUTURE – 10^th May  Trading Guide

NIFTY FUT – closed the day around 6060 zones which was also the TREND DECIDER for yesterday, aptly describing the market mood at this level,that is neither too bullish nor bearish.

6060-65 will form as the immediate TRENDE decider again and trading above that markets will try to re attempt the levels of 6090-6100. From here through 6125 is a crucial level to be watched out for swing traders .

A break above that can propel markets to 6250-6300 trading levels on a swing basis, yes this will mean NIFTY FUT regaining the all time highs. Can we do that. Well lets see if we clear the 6125 hurdle.

In case markets fail to clear 6125, risky intra day traders may look to take quick short trades with low risks and reversal on sustenance above that.

On the downside now 6060 levels will form as the immediate trend decider and any dips to that level will be a good pull back buy opportunity. Below 6060 levels crucial support comes in at yesterday’s trend decider now at 6030 zones.

Only a break of this zone can see some selling pressure now to test the levels of 5890 and lower.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6090-6100  sustaining above which it will target 6125,6160,6195
POWERTRADE TREND DECIDER OF THE DAY -------6060-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6030-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005,5870