NIFTY FUT marks exact top near 6120.Where can it go past this point?

NIFTY FUTURE- Review of 10^th  May

NIFTY FUT –  We  had discussed that the BULLS Last stand point of the day is 6035 levels. Morning low was made there and markets managed to pull back from those levels.
Let us quickly review what we had discussed for the trading session.

“6060-65 will form as the immediate TRENDE decider again and trading above that markets will try to re attempt the levels of 6090-6100. From here through 6125 is a crucial level to be watched out for swing traders . “

NIFTY FUT once above 6060 levels was a long trade opportunity for the upside levels of of 6090 and 6120 once that level was cleared. By the close of the day NIFTY FUT marked a high of 6118 just a shade below 6120.
6120 was a crucial swing hurdle too.
This will be keenly watched out in the coming sessions. Another smart trading opportunity was in pull backs to lower support levels of 6030 odd zones since we mentioned it as a swing support levels. That was a low risk entry with reversal below that zone. Personally I often like low risk entries and stop and reversals below both swing wise and in intraday basis.
We took a trade somewhere in between at about 6055 levels and booked all gains till 6090.

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.

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NIFTY FUTURE – 13^th May  Trading Guide

NIFTY FUT – closed a shade below the 6120 trading levels.This level , rather the trading band of 6120-6135 will be keenly watched in the upcoming trading session. We should witness another leg of upmove in case NIFTY FUT manages to sustain and trade above this trading band.

A break above this trading zone will mean NIFTY FUT can go on to test the swing levels of 6250-6300.  From an intraday point of view  target emerge at 6176 levels.

On the downside NIFTY Fut will find immediate support at 6090 trading levels and below that will enter a nomadic zone. All dips upto 6060 levels will be good pull back trading opportunity.

Trading below 6060  NIFTY FUT trade with a negative bias an may attempt the swing support levels of 6035 odd trading zone. This will be a crucial support level to watch out for. A breach of that can mean that markets high was a false break out and create severe pressure from the bears.

As a trading strategy look for pull back trades or break out trades for the next trading session. The idea is to trade with the swing. Incase NIFTY FUT trades below 6090 though risky traders can look for a quick short trade.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6120-25   sustaining above which it will target 6155,6175
POWERTRADE TREND DECIDER OF THE DAY -------6085-90
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6055-60
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6035,6005

NIFTY FUT 6090-6125 zone holds the key? Can all time highs be tested in coming months?

NIFTY FUTURE- Review of 9^th  May

NIFTY FUT –  One of the most significant things that we have been able to achieve with price point analysis is to be able to project the range even before they are tested. Readers will recall we wrote above 5935 even before we saw that level being tested.
We wrote about 6090 as an upside swing target and markets exactly paused there in the up move.
As per yesterday’ lets see what we discussed. We wrote:
“closed the day strong exactly at 6090 trading levels.  This will now form as the immediate hurdle”
NIFTY FUT marked an open high there and eventually cracked the TREND DECIDER, below that low was exactly made above out BULLS LAST STAND point levels.  For that we had also written that it is the crucial swing support and selling pressure will only intensify if that level is broken. Since that level was sustained we saw markets pulling back and managing to close around the TREND DECIDER.

Why is 6090-6125 such a crucial zone to watch out for? Where can markets head to beyond that point.

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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 – 10^th May  Trading Guide

NIFTY FUT – closed the day around 6060 zones which was also the TREND DECIDER for yesterday, aptly describing the market mood at this level,that is neither too bullish nor bearish.

6060-65 will form as the immediate TRENDE decider again and trading above that markets will try to re attempt the levels of 6090-6100. From here through 6125 is a crucial level to be watched out for swing traders .

A break above that can propel markets to 6250-6300 trading levels on a swing basis, yes this will mean NIFTY FUT regaining the all time highs. Can we do that. Well lets see if we clear the 6125 hurdle.

In case markets fail to clear 6125, risky intra day traders may look to take quick short trades with low risks and reversal on sustenance above that.

On the downside now 6060 levels will form as the immediate trend decider and any dips to that level will be a good pull back buy opportunity. Below 6060 levels crucial support comes in at yesterday’s trend decider now at 6030 zones.

Only a break of this zone can see some selling pressure now to test the levels of 5890 and lower.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6090-6100  sustaining above which it will target 6125,6160,6195
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 ---- 6005,5870

Capture consistent swing and take high potential trades with our price point analysis and trading levels

NIFTY FUTURE- Review of 21^st  Mar

NIFTY FUT – Another stunning day of move is a row. The last few weeks have been a welcome blessing for intra day traders who has been using trend based technical analysis or also simply using our accurate price point analysis.
Few sessions back we wrote that  5860 was the market mid term trend decider levels and swing traders would have good potential trading shorts with downside targets upto 5650 levels.
Today markets marked that low exactly around 5650 levels. Giving away near 200 points gains in a few trading sessions.
From an intraday point of view we mentioned that the BEARS LAST STAND point of the day as 5760 levels. Markets failed to clear that level in a sustained basis and marked a top just above that. But once it failed to clear that zone on a sustained basis it was clear that markets may be headed downwards. The last remaining cog was to break through the 5700 levels and once that was broken on a second attempt the downside was pretty apparent.
This kind of volatility offers a lot of trading opportunities even on an intraday basis.  We took a short in the opening session that went well. Then got caught in the long breakout which was a failed trade but the clincher was the short trade taken below 5735 then that yielded massive gains. This kind of opportunity is quite different from the months of Jan  and Feb when we had no trading opportunities during many days

 NIFTY FUT just went on and closed  at a critical juncture just above our swing support zones. How are markets poised to trade at these levels. Read our analysis for the next session

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NIFTY FUTURE –22^nd   Mar  Trading Guide

NIFTY FUT closed at a crucial support levels, these are key support levels  near 5600-5630 zones . Markets closed a shade above that. At this stage now the risk reward ratio is skewed against favour of shorts. We had a good downswing from the higher levels.
 From an intraday perspective NIFTY FUT will face immediate hurdle now at 5700 levels and trading above that can scale up to 5730 odd levels. On the  downside there is a swing support plus an intraday support zones near 5630-5600 levels. Intraday traders may look to take low risk pull back trades above 5670 odd levels. While the market momentum is still in favor of shorts it will be prudent to watch out how markets trade at these levels.

A break of 5600 zones can mean a downside potential of another 150 odd points in the index future , where we can see  a test of next swing support levels all the way upto 5450 levels.

Swing indicator wise the short term momentum indicator are  trading negative and will continue to hold so until it trades below 5700  levels. The mid term momentum indicator are also negative now and will hold so until NIFTY FUT trades below 5765 levels

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5700-05  sustaining above which it will target 5730,5755
POWERTRADE TREND DECIDER OF THE DAY ------- 5665-70
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5630-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5605,5475

Trading review of 5th March and Market Analysis for 6th March

NIFTY FUTURE – Review of 5^th Mar

NIFTY FUT –   Just yesterday we discussed that there was a mark increase in accumulation of the 5700 PE compared to the previous session, while that was an indication that was not enough to justify long positions on its own.
But this is where the trading levels play an important part. We have been harping upon the point that 5760 is a crucial swing trade decider and any move above it will ensure markets pull back to the 5800 levels.

We also mentioned that the TREND DECIDER of the day is 5730 levels. Look at the market low made in the opening session ( Low made exactly there). Once NIFTY FUT managed to sustain above that trading level it was evident that a pull back is on the cards.
5730 was also mentioned that level where the short term indicator turned positive , this served as an added confirmation as well.
To be honest we didn’t expect the pull back to be this strong as well, but this is the advantage one gets when one does trade in a systematic manner. We don’t get into the business of predicting things. We have  projections and potential levels in mind but we let the market run its own course.

Hope everyone too had a good trade in the sessions, the volatility of late is a huge welcome after a long period.

Also to note is smartsignals have given a whopping 700 points plus returns in last 3 trades alone making it a big winner.

NIFTY FUT closed strong near 5800 levels, What are the next key swing hurdles to watch out for. Read our trading 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 unique value added services or our algorithm based trading services.

 NIFTY FUT traders earned a whopping 50 points plus returns but the star trader has been BANKNIFTY FUT trades which have now given a 700 plus points gain in just last few trading sessions. 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 – 6^th  Mar  Trading Guide

NIFTY FUT –  Managed a strong close above the 5800 zones. And have given a surprise pull back for many. The key take away here is we would had heard lot of analysts saying over the past few sessions asking to look for short trades.
Where we clearly mentioned that shorts will only be considered if 5630 odd levels cracked. In fact amidst all mayhem we also advised traders saying that  these are terrific investment zones for long term traders. And voila we have already witnessed a near 150 points pull back from the investment zones.
Again we repeat when we say investments we intend for it to be in  a staggered manner, and more so to plough back your gains from the future short positions and at  the same time to create a low risk entry.

Now NIFTY FUT will have immediate support at 5790 levels and trading below that will again tend to drift down to 5760 zones. A sustained close below it will again ring the warning bells for the BULLS again. Below that NIFTY FUT can drift down to 5730 odd zones.
On the upside we have immediate resistance at 5830 levels. Also let us quickly look back the weekly charts that we reviewed yesterday. A crucial swing resistance comes at 5855-60 zones and these the levels where this upmove can face some serious challenge.


Swing indicator wise the short term momentum indicator turned above 5730 levels and will continue to hold so above  5760 levels. The mid term momentum indicators are now positive as well and will continue to hold so until NIFTY FUT trades above 5690 zones.



Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5825-30 sustaining above which it will target 5855, 5890
POWERTRADE TREND DECIDER OF THE DAY ------- 5785-90
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5755-60
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5730,5700

Detailed analysis also posted at www.powertrades.blogspot.com

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Trading Review of 4th March and Market Analysis for 5th March

NIFTY FUTURE – Review of 4^th Mar

NIFTY FUT –  Pretty much a nonevent day where markets traded within the TREND DECIDER and the BULLS LAST stand point and the BEARS LAST stand point. Without giving away much of a clue where the future direction of the market is headed.
NIFTY FUT made an open low near below the  BULLS LAST stand point. And after the first hour managed to pull back and close near the BULLS LAST stand point near 5700 levels. This level acted pretty much as the pivotal pointr instead because of the gap down. And once NIFTY FUT manage to sustain above that zone it went on to try and attempt 5730 odd levels.
We mentioned that any rise to 5760 is going to be resisted and this is why we saw any serious lack of momentum in the markets.
At the same time we also discussed that NIFTY FUT options data suggest that 5700 is going to offer some support and supply and that was pretty much evident as markets managed to hold onto to that zone.

Now that we have managed to pull back and close above the 5700 levels, what is in store for the Index in the coming session? Read our Analysis for the next session.

NIFTY FUTURE – 5^th  Mar  Trading Guide

NIFTY FUT –    Managed to give a close above 5700 levels that pretty much keeps the trading levels intact for in the same lines that we discussed in the previous session with few areas to watch out for.
Firstly we saw a close above the crucial 5690-5700 levels this proves that there is some supply near the zone.
At the same time the put accumulation for 5700 increased too meaning that there has been more puts written at this level.
Based on the above two data 5690-5700 will now form as the immediate support level on the downside. But if NIFTY FUT manages to trade below it we can see a serious downside.  Still the trend decider for swing trading will continue to remain at 5670 odd zones.
On the upside immediate hurdle remains at 5725-30 zones  and trading above that NIFTY FUT can go onto attempt the 5760 odd levels. This as discussed will remain as the swing decider for the markets, If we can see any movement and sustenance above that we can safely assume that we have atleast found a short term bottom.

We have also posted the options accumulation chart just to indicate the relative increase in accumulation of the 5700 PE at these levels.

NIFTY OPTIONS

Swing indicator wise the short term momentum indicator remains neutral and will emerge as positive once NIFTY FUT manages to trade above 5730. The short term indicator will turn negative below 5690. The mid term momentum indicator remains negative and will continue to hold so until NIFTY FUT holds below 5760 odd trading levels.


Also let us look at some Very long term charts just to understand where we stand from a long term point of view and where we may be headed in coming months. The charts posted here are the weekly NIFTY FUT charts.
Two quick take away from the charts, 1. We have closed below the weekly trend line that started with 4760 levels – Trend line highlighted in Yellow.
2. The low made is exactly at 61.8% retracement of the charts. At 5650 odd levels.
Based on this data a trend reversal can only happen if we manage to trade a minimum of 5855 levels. And on the downside a breach of 5655 can lead to a test of long term swing retracement levels of 5440 levels.
As of now the picture doesn’t look exciting for the Bulls. Do leave your feed back on the analysis of the charts and your views

NIFTY FUT WEEKLY CHARTS 5TH 2013  MAR VIEW

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5760-65 sustaining above which it will target 5790, 5820
POWERTRADE TREND DECIDER OF THE DAY ------- 5725-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5695-5700
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5665,5635