NIFTY FUTURE- Review of 17th May
NIFTY FUT – fro Friday we had mentioned that the TREND
DECIDER of the day is 6160 odd trading levels and we also mentioned that it is
prudent to look for pull back buy opportunities in this trading levels
During the trading session
NIFTY FUT found support multiple times near the 6155-60 trading levels
indicating a pull back trade was on. We did take that trade but a little late
at about 6173 trading levels.
We had also mentioned that there is swing resistance
around the 6210 trading zone this is exactly where markets paused and failed to
clear. But the fact that markets closed on the higher side of this trading
range signifies that we may be poised for any upside move if the trading levels
of 6210 are taken out.
Again this was our BEARS LAST Stand point and it was
a potential upside target for our pull backs longs.
What is NIFTY FUT manages to move above the 6210
zones? Where are the upside projections ahead of this. Read our analysis for
the coming 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 – 20th May Trading Guide
NIFTY FUT managed a strong close near the 6210 trading
levels. This was our swing projection above the 6125 trading levels. Even the
previous session we discussed that 6200-6210 will be a swing hurdle to watch
out for .
On Friday markets exactly paused
around that zone and this will be the immediate trading level to watch out for.
A clear of that level will possibly target the upside trading levels of 6255
and beyond. Swing trading wise this will also open the door for upside swing
levels of 6350 trading zones.
A sustained trade above the 6210
trading level should see more new build up on the long side . On the downside 6180 will form as the immediate support levels
and this is the level where we should look for some intraday pull backs if at
all. Safe traders meanwhile can wait patiently for sharp dips or a clear break
out of 6210 trading levels.
On the downside 6150-60 will form as
the crucial support level. On Friday markets found multiple support there and
any breach of that this time shall ensure an short term weakness.
Trading levels for the day:
POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6200-6210 sustaining above which it will target 6255,6290
POWERTRADE TREND DECIDER OF THE DAY ------- 6180-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6155-60
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6140, 6105
POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6200-6210 sustaining above which it will target 6255,6290
POWERTRADE TREND DECIDER OF THE DAY ------- 6180-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6155-60
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6140, 6105
No comments:
Post a Comment