NIFTY FUT bounces back exactly from 5930 levels. Trade with low risk high reward entries.

NIFTY FUTURE- Review of 27^th May

NIFTY FUT –  Just two sessions back we wrote that 5930 as a support will be a low risk pull back opportunity given the markets situations and look where we are back. Let us exactly see what we discussed…

We wrote that “In view of that it will be an interesting pull back trade to take with stops around 5930 and reversal below that zone. Adding up only if 6030 is cleared though. Lets see how that trade set up works out.”

It couldn’t had got more perfect and closer than this markets found exact support near that zone and low made on Friday was 5936 levels just 6 points above our stop, from there now we have seen a pull back of 160 odd points.

The beauty of that trading level again was 5930 was not something we had seen on Thursday, in fact the low made then was at around 5950 levels. So it was a terrific level that was analyzed. Again why we discussed that trade was the terrific low risk opportunity that we had.

Also we had mentioned that we would add up above 6030, that was mentioned as a swing hurdle. Look at the market momentum once that level was taken out markets blasted to do some 70 odd points kissing 6100 on the upside.

Now that we have bounced back above 6030 trading levels where are the next trading opportunities? Read our analysis 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

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-28^th   May Trading Guide

Firstly want to highlight  something as a trader. Over the years the belief that we have understood is that the single most difference between a winning and a losing trader is the discipline factor. It makes a huge difference and that is one thing that stands out in the long run.

The pattern that we have observed is that not many traders are willing to trade a system for a long time. Most are looking for instant returns and risking big stakes per trade. Risk smaller stakes, look for long term gains in a sustained manner and follow whatever trading logic or system you have developed over a period of time.

If you can test it on a trading software it is even better and helps improve the system a lot more better. If we don’t have the confidence has the patience to paper trade a system. Markets are not running out.

Also we should understand that markets are not always favorable to all trading strategies all the time. Hence we got to be patient. Our system thrive on volatility and market movements and hence been doing extremely well but Jan was a time when our systems gave very low returns.

Coming back to NIFTY FUT , NIFTY FUT exactly hit the level of 6100 today which was more of a psychological level I guess than of any technical significance at this stage.  NIFTY FUT will find immediate hurdle at 6090-6100 trading levels. In case that is cleared a  more significant hurdle lies at 6120 levels and clearing that we can see it scale upto 6155 and higher.

On the downside  NIFTY FUT will find support at 6050-6035 trading levels. This will be a good trading zone to try and check a pull back levels or stops can be placed at these levels in case NIFTY FUT sustains on the higher side.

Look for a pull back trading using the trading levels provided below or a clear break out trade above 6120. Short players will become very active again if NIFTY FUT fails to sustain above 6030 confirming a false upside move today.

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

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6090-6100   sustaining above which it will target 6120,6155
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, 5980