NIFTY FUTURE- Review of 22nd July and Analysis for 23 rd July

NIFTY FUTURE- Review of 22^nd July and Analysis for 23 rd July

Dear all back after a long hiatus. Was travelling for a while and had taken a good break with family. Exciting news is that we have also been able to test our systems in complete automated mode over two different set up infrastructures.

Nifty fut almost created identical top today as yesterday and failed to clear that trading level.  The daily candle formed is not impressive enough and until the highs are not taken out the BULLS will again see some testing times.

On an immediate basis the Intraday trend decider will be at 6035-40 trading levels and clearing that level we may see more upsides to test the 6075 trading levels which will be a key hurdle on a swing basis.

Similarly on the downside sustained trading below that zones   can lead to a test of 6000-05 levels. On the downside.

Below that a movement below that may lead to a test of 5975 on the downside on a swing basis. On the upside swing wise a clear of 6075 can surge NIFTY all the way up to 6110 and higher levels.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6070-75  sustaining above which it will target 6090,6114
POWERTRADE TREND DECIDER OF THE DAY ------- 6035-40
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6000-05
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5990,5970