Nifty Review of the market movement. Analysis of Options data

Here is a quick update on what on the trading charts that we have discussed two days back. It was spot on swing trade with respect to that level. Let us discuss what is in store for the upcoming sessions.

The other day we posted that Nifty Future has resistance around 5960 levels. We mentioned that all pullbacks to that level will be shorted.  Nifty on 24^th September made a high of 5962. We also mentioned that Downside target emerges at 5810-40 zones. Market today found support at 5820 and retraced back from there.

Our swing traders were short at the break of the 5960 levels and exited at 5840 just in line with the trading levels posted.

Immediate hurdle lies now at 5905 levels and trading above that markets will try to retrace back to the trading levels of 5960 on the upside. On the downside it will be better to try pull back trades on dips with stops at 5810 levels.

Fresh short trades will again be active in case Nifty future manages to close below 5800 trading levels.

Here is also an analysis and review of what the options data are suggesting since we are nearing expiry options accumulation along with price point analysis provide good levels for low risk pull back opportunity and some fantastic break out opportunities.

Here is a look at the options chart:

NIFTY OPTIONS ACCUMULATION- 25 SEP-2013

Nifty has terrific accumulation at 6000 zones.  This suggests that it is the toughest resistance zones. Hence swing traders can look to short on pull back to that trading levels. Similarly support lies at 5700 and 5800 trading levels and this will offer support zones to the market on the downside. A breach of 5800 can trigger a slide to test 5700 levels in a short time.

NIFTY FUT clings to the critical support zone. Will it be decisively broken?

NIFTY FUTURE- Review of 4^th June

NIFTY FUT – gave a perfect day to trade to the traders as per the trading levels. Simply trading as per levels would had yielded two good trades. Let review them.

What were the trading levels for this trading session?

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5990-95 

POWERTRADE TREND DECIDER OF THE DAY ------- 5960-65

As traders we also knew that 5935 is a crucial swing support zone, in the morning a long trade opportunity was created once NIFTY FUT managed to move above the 5965 trading levels. This created a trading opportunity to test higher levels upto the Trend decider. Just the perfect recipe for a day trader. High made was at 5994.90… probably a bit of a co incidence ( Just a trend decider) But the fact is that the trading level got respected.

This was the second trade opportunity that was created a contrarian short at those levels or a confirmed short on break of the TREND decider for the downside levels of 5935 and lower.

Idea here is again to trade as per the trading levels and be objective about the trading. We need to strict to the trading levels and combine them with swing support and resistance levels to device the trade plan for the day.

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NIFTY FUTURE- 5^th Jun Trading Guide

NIFTY FUT barely managed to hold on and trade as per the trading levels of 5935  almost marking identical lows below that trading level at above 5920 trading zones.  The fact that it managed to pull back and close above the this trading level goes on to signify how important this level has been swing wise.

On an immediate basis 5925-30 will be a crucial trading level to watch out for and a breach of that can see a slide till 5890 levels and lower. On the upside NIFTY Fut will be resisted on all rise upto 5965 levels and above that while we may not see some momentum but may see NIFTY trading more in a choppy manner.

On a swing basis We may see some real momentum for the BULLS  only if NIFTY FUT manages to surface above 6005 levels and that  may signal a reversal in trend. Swing wise on the downside 5890 will be a crucial level to watch out for. This will be important to watch out for in the coming sessions incase 5935 is breached.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5995-6005  sustaining above which it will target 6035,6065
POWERTRADE TREND DECIDER OF THE DAY ------- 5960-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5930-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5890, 5855

NIFTY FUT consolidates, Swing levels remain intact. Trading NIFTY at these levels.

NIFTY FUTURE- Review of 29^th May

NIFTY FUT –   Let us quickly recap two things that we discussed yesterday. 1. We mentioned that

“6050 levels will again form as the crucial support and in case NIFTY FUT breaches that level we can see a change in mid term trend too.”  Today NIFTY FUT marked a low just above that zone at 6050 and managed to pull back sharply to just hit the  TREND DECIDER of the day at 6090.

We may also note that the BULLS LAST Stand point discussed was at 6050-55. This is again exactly where low was marked in NIFTY FUT today. Is it magic. No its simple price point analysis of the trading levels.

We also mentioned that below 6090 NIFTY FUT will trade in a lack lusture manner this is exactly what happened again when NIFTY FUT moved below 6090 trading levels. How did we trade the day.

NIFTY FUt consolidated within the trading range and managed to hold on to the support levels  and at the same time failed to cross the swing hurdles. How to trade NIFTY FUT from these levels. Let us analyze in our trading session for tomorrow.

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NIFTY FUTURE- 30^th   May Trading Guide

NIFTY FUT  closed at a crucial trading levels of 6085 , this is pretty much trading within the range created in the previous session.  In fact NIFTY FUT also made identical lows for the past two trading session.

Based on that 6050-55 will form as the  crucial support zone again and trading below that level now may lead to a test and break of 6030 to hit lower target zones of 5990-6000 trading levels.

On the upside 6085-90 will form as the form as the TREND Decider again and we can see a bullish nature emerging once NIFTY FUT manages to trade above this range. Crucial swing wise break out will emerge once NIFTY FUT manages to trade above 6115-6120 trading levels. Safe trading looking to initiate longs may wait for a clear of this trading level.

IF NIFTY manages to clear this level, then we may see more traction on the upside trading levels. The next hurdle above this level lies at 6150 trading levels and if it manages to clear that then we can see a straight dash to 6200  6220 trading zones on the upside.

Since the trading range remains the same, more or less the trading levels too remain intact.

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Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6115-6120  sustaining above which it will target 6155,6198
POWERTRADE TREND DECIDER OF THE DAY ------- 6085-90
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6050-55
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6030,5990

NIFTY FUT cracks 6090. Pre analyze market movements with price point analysis

NIFTY FUTURE- Review of 23^rd May

NIFTY FUT – A good unidirectional trending day, albeit on the short side. Yesterday we had mentioned that 6080-6090 is a good swing support levels and advised traders to try long above it and go short below that zone. Markets exactly marked an opening below that level  and never managed to cross that level for the rest of the day. Such was the importance of this trading level. Fortunately for our readers they were well aware of this even before this move happened.

 Today market open below yesterday’s low of 6081 with a open equal to high and the market fell from that level and  did with a amazing consistency.. As opening was below 6080 level as BULL LAST STAND POINT OF THE DAY this opened up downside targets of 6060 and lower levels as well.

This was the trade we took below 6060 levels for downside targets of 6030 as per our trading levels.

As market went below the 6000 level which meant the market has a lower range as few days back we have mentioned that 6000-5990 as the support level breaking of that  move the market to breach to 5950-5955. Look at the market reaction once 6030 and then 5990 was cracked, all our downside targets were done. Our client again went short below 5990 and reached a target of 5960 level were they exited. Look at the charts NIFTY low made exactly there at 5950.

Again dear friends this is not a rocket science but simple price point analysis considering multiple trading swings and range in view..
How are the markets expected to perform in the coming sessions, what are the critical support levels to watch out in this zone. Read our detailed analysis for the next session

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NIFTY FUTURE-25^th   May Trading Guide

NIFTY FUT firstly truly surprised with the pace of the correction, while we were prepared to go short below 6090 and in fact did take two trades both working great we were at the same time little surprised with the pace and the range of correction. Historically correction though has higher paced many times than upmoves.

Coming back to trading levels. The low marked today is extremely critical. This is crucial retracements levels of the entire upswing.  A break of this  may be 5930, could mean further downside  on swing basis to test levels of 5860.

On the upside immediate hurdle comes at  5990-6000 and strong swing hurdle now emerges at 6025-30 zones. All rise to that levels will be countered and a clear of that levels will again mean BULLS are back.

This is an interesting scenario trading wise where long term momentum is still intact on the upside and at the same time short term and medium term momentum is downwards biased.  Usually personally we prefer low risk pull trades and reversal in the direction of the trend if that fails.

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.

Although for intraday trade perspective advice to traders is to strictly follow the daily trading levels.

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Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5990-6000   sustaining above which it will target 6030,6060
POWERTRADE TREND DECIDER OF THE DAY ------- 5950-5960
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5930-5925
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5890,5870

NIFTY FUT hits crucial retracements of 6090. How to trade it from here?

NIFTY FUTURE-24^th   May Trading Guide

Hope you folks managed to have a look at the long term chart analysis for the bank nifty future that we posted based on the classical cup and handle pattern.

Coming back to NIFTY FUT readers will recall that we had mentioned that 6090 trading levels are a strong swing supply zones and they are the downside targets below 6140 and lower. Today markets marked a low there at the 6080-90 zones and managed to sustain that zone and pull back and close above 6100 trading levels.

Keeping that in view 6125 levels will form as the immediate trend decider and trading above that markets will start displaying a positive bias.  On the downside 6090-6100 will be the supply and support zone and a break of that can see  NIFTY FUT drift to 6050-6060 trading levels.

On the upside true bullish nature will be back on clear of 6150-55 trading levels and that at the same time will form as a crucial swing hurdle.

So whats the trading strategy we can adapt at this stage. Look for pull back longs with stops below 6090 and reversal below that and look for pull back shorts at 6140 trading levels with stops above 6155 and reversal above that.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6150-55   sustaining above which it will target 6190,6225
POWERTRADE TREND DECIDER OF THE DAY ------- 6120-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6085-90
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6060,6030

NIFTY FUT marks a failed top. What are the critical retracements levels

NIFTY FUTURE- Review of 20^th  May

NIFTY FUT –  marked a failed top and higher high trading levels of near 6240. We were expecting markets to test the trading levels of 6255 if 6210 was taken out.  But it was an upside beyond that trading levels.

Also on the downside we mentioned that NIFTY FUT will find critical support at yesterday’s lows today markets marked a low just there above 6155-60 trading levels. This was also marked as our BULLS LAST STAND point meaning break of this would had seen another downside. This level managed to hold on for today. This will be keenly watched in the coming session.

We took a pull back trade today above 6210 levels but got hit on that one. Believe some law of averages catching up after an un precedent successful run.

One potential trade today was going short on the break of trend decider (6180-85) and targeting trading levels of the BULLS LAST stand point (6155-60) where markets marked an exact bottom.

Markets just managed to hold on to the 6160 trading levels. This level got survived for today. What are the levels to watch out for in the coming sessions. Read our review for the next session.

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NIFTY FUTURE – 20^th  May Trading Guide

NIFTY FUT  managed to close at 6170 trading levels just managing to hold onto the 6155 trading levels.  This trading level is critical to watch out for the next session.

The trading level of 6140-55 will form as a critical support and supply zone. This level can see some pull backs if markets manage to hold on. IN case NIFTY FUT cracks that trading level we can see a breach to downside levels of 6100-10 on the downside.

In case NIFTY FUT manages to trade and hold above the 6155 trading levels we can see a pull back to upside levels of 6190 trading zones. The levels of 6210 will again form as a crucial hurdle on the upside this time. A clear of this level should ensure that markets test the higher levels of 6240-55 zone again and potentially should see a swing break out as well.

Else I we should expect 6210 to hold on as a resistance in the coming sessions and markets to retrace to lower levels . The lower levels on swing basis to watch out for are 6110, 6080 and 6040 trading levels.

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 ------- 6180-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6140-45
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6110,6080

NIFTY FUT marks the exact projected high. Trade NIFTY accurately with Price point analysis

NIFTY FUTURE- Review of 17^th  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.

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NIFTY FUTURE – 20^th  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

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.

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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

NIFTY FUT blasts pasts 6120, doing upside zones. What’s the big swing target above

NIFTY FUTURE- Review of 15^th  May

NIFTY FUT – Readers will recall that few days back even in the last trading session we had been harping on the point that 5990-6000 is a support and supply zones and until it trades below it there is a good low risk pull back opportunity.
For today we had mentioned that the BEARS LAST STAND POINT of the day is 6035-40  levels and if it manages to trade above it will look for an upside bias. This was a long trading opportunity. Once it went above the level it was a once side up movement. We have been mentioning for few sessions a clear breakout above 6120 level. This was a second opportunity to go long in reversal above 6120 levels giving away near 130 points of total gains. Hope readers stuck to the trading strategy and capitalized on decent gains.

Today is one of those days that serve a reminder to stick to the trading plan and just follow it. Or a trading system if you have. As humans we may not be convinced so quickly that market trend can do a complete turn around. Yes this is a rare day. Our technical understanding and belief may not always allow us to do so, but most trend systems would had given a reversal and gave a clear trading signal.

We took two trades during the sessions and managed to come out with flying colors. Our Risky Traders had a huge gain as an unidirectional move throughout the day.Also we cornered a massive 300 points of gains in BanknNifty futures with our trading signals

NIFTY FUT closed above the 6160 odd trading levels and closed a shade below it. What is the next crucial trading level to watch out for. Read our analysis for the next session.

 
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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 – 16^th  May Trading Guide

NIFTY FUT blasted off the crucial trading swing target of 6120 , just kissing the 6170 trading levels and closing a shade below it. We had been telling that  6120 is the crucial TREND DECIDER on a swing basis. We also mentioned we will witness a good short covering once that level is breached. Today we saw that momentum and that was pretty much the last resort of the BEARS which was taken out.

Just a sessions back BEARS looked in good control and I bet many analysts would had been shorting all the way. Despite that we had mentioned that 5990-6000 is a crucial swing support and until we sustain below that level we are in for  a surprise ( Read a pullback opportunity with low risks). We had witnessed a near 150  points pull back from those levels. Is it time to cool the heels now? Well that will depend on the next trading level.

Firstly it will be important for NIFTY FUT to sustain and trade above 6150-6155 trading levels in case it sustains above that level it will be headed for 6200-6210 trading zones. This will be the next immediate hurdle and a clear of that can propel NIFTY to 6180 levels and higher.

Next major swing target remains at 6220 levels now. If that is cleared on a sustained basis we may be headed for 6350 levels swing wise. But first lets raise a toast for this massive low risk pull back opportunity from the 5990-6000 zones or above 6035 zones for safe traders. This has yielded massive gains in a single session.

On the downside it will be important for NIFTY FUT to sustain above 6120-6125 levels for the break out of yesterday to hold and trading below that will lead to test of  6095-6100 levels , which was the immediate break out level in the last session.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6190-6195  sustaining above which it will target 6220,6250.
POWERTRADE TREND DECIDER OF THE DAY ------- 6160-6165
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6120-6125
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6090,6025