NIFTY FUT again marks the swing target at 6190 levels. Will this level sustain. What is the swing projection

NIFTY FUTURE- Review of 16^th  May

NIFTY FUT – Yesterday we had mentioned that it will be important for the market to sustain above the 6155-60 trading levels. IN the morning session markets opened just around that trading level and blasted past the trading zone as we mentioned. We also discussed that the upside targets is 6200-6210 trading levels

This is exactly where markets topped out today and paused . Good part to justify the strong up move is that markets managed to hold on to that trading level. We had two strong days of upmove and haven’t seen the trend wilting as of yet by any chance.

Days like these are at times difficult to trade. Do we trade a break out? Or Do we wait for a pull back. It’s a risk reward trade off. For our swing positions since the stops are higher we are not that worried but for intra day trading positions we prefer a lower risk reward ratio. It is then paramount to time the pull back well.

Those are the situations where the trading levels come in very handy.  We got a very good pull back opportunity today going long in dip near the 6170 trading zone. And locking in quick gains in pull backs.

What is the next trading level to watch out for. What is the next break out level for markets to surge further? Read our trading review for the next session.

Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Avail automated trading signals for just 2000 INR for all subscriptions made before 31st May 2013

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our

Are you looking for complete guided trading without any hassle?.. Are you still worried about your trade entries? Are you missing on these turning points entries? How about looking at our points guaranteed services. …... Where to take the next trade? Did you catch the move in the right time?.... Are you still guessing where to trade? Subscribe to our premium calls and leave your trade entry and exit worries to us. 

NIFTY FUTURE – 17^th  May Trading Guide

NIFTY FUT made a swing high today at 6200 trading levels and closing a shade below that only near the 6180 trading levels.

The upside trading band of 6200-6210 will form as the next crucial intraday and swing resistance together Any sustained close above it this time can propel NIFTY FUT towards the upside trading levels of 6300 and 6350 on the swing basis.

For the immediate trading levels 6160-65 will form as the TREND DECIDER and trading above that market will continue to maintain a positive bias and will attempt to take out the upside levels. At the same time trading below that level will mean that  we can see some some profit booking. But such has been the strength of the break out move that until the swing levels of 6100  are breached we will see some buying support in dips.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6200-6210   sustaining above which it will target 6240,6290
POWERTRADE TREND DECIDER OF THE DAY ------- 6160-6165
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6130-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6110, 6090