Mastering Nifty Fut with Trading Trend lines & Price channels

NIFTY FUTURE- Review of 13^th Aug and Update for Next session

We all use various kinds of analysis and technical tools and techniques like( Fibo, gann, price point analysis, Trendlines etc) to find out patterns and making projections for the next move.  At times we use multiple tools or techniques. They give a dual advantage. One is many a times one of the techniques seem to work well during phases and secondly also that a confirmation of a level on multiple techniques serve a double confirmation for trades.

Now the fun part is most of the times the simplest of the techniques work best.  Trendlines is one of the classic and time tested techniques in the markets. TRENDLINES along with price channels form a very good combination and give a strong idea where price can be headed. They can also be utilized to get an idea of stops when one wants to trail the trades.

Let us review NIFTY charts based on price channels and trend lines. Today 5635 levels formed multiple trading confirmations to ensure a clear breakout and once NIFTY FUt managed to trade above that range it gave a clear confirmation. Let the picture tell the rest of the story..

NIFTY Future Charts-13th Aug. Price Channels and Trend Lines

So where is it headed from here. Longs will hold good until NIFTY fut manages to trade above 5665. Managing to trade and sustain above that can ensure NIFTY Fut goes on to target the levels of 5765 and 5830 on the upside price channel trends. On the downside a breach of 5665 will ensure a re test of 5635 and lower levels. 5635 will form the downside pivotal level on the downside a breach of that will ensure a confirmed renewal of the downtrend.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 571  0-15  sustaining above which it will target 5735, 5765,5830
POWERTRADE TREND DECIDER OF THE DAY ------- 5665-70
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5635-40
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5610,5570

NIFTY FUT Hits swing retracement levels perfectly as projected. Projection analysis for the next move

NIFTY FUTURE- Review of 28^th May

NIFTY FUT –  Yesterday we discussed that a pull back trade can be the flavor of the day today and at the same time we also discussed that 6030-35 levels will form a crucial swing support zone and pull backs from this zone can be expected. This is also the level we advised to trade pull backs with stops at 6030 trading levels.

Let us exactly review what we had discussed on the blog yesterday:  “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”

 NIFTY FUT exactly made an intraday low at 6048 and managed to pull back sharply from there to first cross the TREND DECIDER at 6060 and then the BEARS LAST STAND point at 6090 to make a top just at our swing hurdle of 6120 levels.

So what was the right trade today. Since we discussed a pull back trade would be fine we could had traded a pull back at the TREND DECIDER with stops at 6030 and looking for pull backs to 6090 and then 6120. We went long at the trading levels of 6050 and booked our gains in 6090 though. Although on hindsight some positions could had been carried forward for higher levels.

Today we hit the levels of 6120 and managed a close a shade below that level. Where can markets head from here. Let us analyze it in our next trading session.

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NIFTY FUTURE-29^th   May Trading Guide

NIFTY FUT closed a shade below the trading levels of 6120 and this will form as the immediate hurdle in the trading session. IF we can see a sustained move and trade above the trading level of 6120-25 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.

On the downside , this time around 6090 will form as the key support and more or less the TREND DECIDER for the next session , until NIFTY FUT holds above that trading level we will see a positive bias  and below it we can see a more lack lusture performance than a negative bias.

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.

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Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6120-25   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 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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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

NIFTY FUT manages to hang around the 6000 zone. Will tomorrow be the make or break day for this swing.

NIFTY FUTURE- Review of 14^th  May

NIFTY FUT - Started the day on a negative note with despite positive global cues.  At the same time NIFTY FUT managed to find support all over again on 5990-6000 level as we had mentioned yesterday.
We have been strongly advising that until NIFTY FUT trades within a range look for pull back trades in this zone and outside the range look for a break out trade. Market allowed a pullback trade opportunity today on both sides as in the morning markets opened up and failed to sustain above our TREND DECIDER of the day. Once markets breached the 5990 levels on the downside but only managed to touch 5980. When that level was not broken, markets pulled back again to top out just near TREND DECIDER again and went to Bears Last Stand Point of the Day 6030-6035 levels. 
As market couldn’t sustain 6030-35 levels its fell back to the TREND DECIDER level and just managed a close above it. Whats the trading mantra for the coming sessions?
 
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NIFTY FUTURE – 15^th May  Trading Guide

NIFTY FUT displayed a range bound move failing to break away on either side of the trading range, this at the same time increases the probability of a strong move on either side. Markets have not found any trigger to take it beyond the trading range.
NIFTY Fut now again faces immediate hurdle at the 6035-40  zone and above that can go onto again hit the hurdle zone of 6060-65 levels. Expect a strong momentum move in case markets are able to clear that range on the upside to hit the target zones of 6090 levels and ahead.
On the downside if this time 5980 is cracked  we may see a good move to test the swing support levels of 5955 range on the downside and expect some supply to come in at that zone.
Will tomorrow be a make or break day for the markets? We would like to believe so. Watch out for the trading zones and look for a clear break out trade outside our trading ranges.

The short term momentum is now neutral and will be negative once NIFTY FUT moves below 5980 levels.  The midterm momentum indicators remain positive until NIFTY FUT holds above 5960 levels.


As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6035-40   sustaining above which it will target 6060,6090
POWERTRADE TREND DECIDER OF THE DAY -------6000-6005
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5970-5975
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5930,5904

NIFTY FUT fails to clear 6120.Exact top below it. Is the upswing over?Read on

NIFTY FUTURE- Review of 13^th  May

NIFTY FUT –  A day that was marked by part right , part wrong analysis and a trade going wrong for us.
We had mentioned that there is strong swing hurdle at 6120 levels. Today NIFTY FUT marked an exact  top just below that level, high made was 6119, just a point below that level.
Now what went wrong with the analysis versus market reaction. We  expected the market to hold onto the 6030-6036 trading levels , which it didn’t.
That is where our trade went wrong, we went for a pullback trade which didn’t work out and we got hit.
This was a dramatic turn around, and the fact that markets made a top just around the 6120 level also makes it a crucial trading level to watch out for.

BankNifty did outperform the market in the earlier part of the day making a higher high, that’s where our banknifty fut trade yielded a good result. This is also important to do a diversified trading both in a swing or intraday basis. Not keeping all the eggs in one basket gives a smooth equity return curve for the traders.

NIFTY FUT closed below the crucial trading level of 5900 trading levels. What are the levels to watch out for next? Read our analysis for the next session.
                                                                 
Markets top made just at our swing resistance levels of 6120. This is a crucial swing level to watch out for? Where is it headed beyond this point.

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 – 14^th May  Trading Guide

NIFTY FUT – closed a shade below the crucial level of 5990-6000 trading zones. This was the trading level that markets found support and had bounced to test the 6120 trading zones.

This level of 5990-6000 trading level will be keenly watched out in the coming session. This trading level  will be important on an immediate basis.  Above that now 6025-35 will be a swing hurdle and the resumption of upmove can only be taken seriously if that level is cleared on the upside.

On the downside the next until NIFTY FUT trades below 6005 levels , downside support and targets emerge at 5965 trading levels.  The trading zone of 5965 will be important to watch out for.

In case NIFTY FUT sustains below 5965 it will mean a strong reversal and also mean second consecutive day of the downward move.  From an intraday point of view look for a quick pull back trade above 6005 levels and in case it sustains below that level it will be favor the BEARS.

Safe traders/ swing traders will prefer to keep 6035 as the stop and reversal zone for the upmove. Below that all longs can only be a quick pull back trade only.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6030-35   sustaining above which it will target 6060,6090
POWERTRADE TREND DECIDER OF THE DAY -------6000-6005
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5959-64
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5930,5904