Capture Huge moves on news based movement with price point analysis

NIFTY FUTURE- Review of 3^rd  May

NIFTY FUT –  A terrific day to trade if people didn’t get nervous with the news but jus traded as per the trading levels. For Friday we had observed that that 5990 will be the immediate trend support and if that is breached NIFTY FUT can slide all the way till 5965 trading levels.
We also mentioned that 5965 to 5935 will form as a supply zone on a swing basis. Look at the market reaction once 5990 was breached we saw an immediate slide all the way till 5965 and then 5935 in a short time. Look at where markets made low too- Exactly above 5935 at 5937.
Despite market mayhem on news based move. Technical levels at times more or less get adhered to. This was a  another point where it was proved.
From there we sa a sharp bounce to test the the 5990-6000 levels which before the break acted as a support. Giving ample low risk opportunities to the contrarian traders. We went long too above 5950 in the pull back and booked a quick 46 points in no time.


NIFTY FUT managed a strong pull back and closed strongly above 6000 levels. What is up next where are the next levels to watch out for? Read our analysis for the next session

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NIFTY FUTURE – 6^th May  Trading Guide

NIFTY FUT –  On the upside failed to clear 6000 in the pull back and ended  a shade above the swing support zones of 5935. This will be the key level to watch out in the coming session. Once that is breached we can see another slide to test the lower support zones of 5890-5900 trading zones.

Below that the net major swing support lies at 5860 odd trading levels. On the upside if NIFTY FUT manages to sustain above 5935 there are good chances we can see a pull back to test the 6000 levels all over again. Within this range though it may play choppy and real strength will emerge if 6000 is cleared decisively this time.

Above that the projections in intraday basis is at 6035 and swing wise projections emerge at 6125 trading levels.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6000-6005 sustaining above which it will target 6030,6065
POWERTRADE TREND DECIDER OF THE DAY -------5950-55
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 ---- 5905,5870

What’s in store in the market for April? Are you ready with the trading plan to have a successful month

NIFTY FUTURE- Market Analysis for 1s April and Month ahead

Firstly wish you all had a well-deserved break and a nice long weekend ahead.   NIFTY FUT – we had mentioned that the 5600-5630 is a strong supply zones on a swing basis, and offered a very low risk pull back trading strategy at those levels. On Thursday we witnessed exactly that when markets failed to breach 5600 and hold onto those levels, a strong pull back was seen on the charts and markets ended up closing at near 80 points gains from the lows.
Now that we have closed near 5680, what is in store ahead?  
Well first lets evaluate this on a swing basis and see how market is stacked up this month.  Swing wise support will continue to remain at 5600-30 zones and any dip there will make prudent sense to take low risk longs with reversal at the break of that level.  If markets manage to break that level we may see a test of 5450 levels on swing basis on the downside. On the upside critical swing hurdle remains at 5725 zones and markets need to at least clear and close above that level to ensure that the  mid term correction is done and we have a confirmed bottom, until that happens all rise will be resisted and short on rise can be a better strategy.
Above that on swing basis markets can go upto 5760 and clearing that can head all the way upto 5879-5900 zones.

On an intraday basis immediate hurdle comes at 5700 levels and a clear of that can lead to a test of 5725 levels . 5675 will form as the immediate swing decider and a break of that can mean bears will be more in control on an intraday basis. On the downside below 5675 we may again look to test the swing support levels of 5630 and lower.

Trading strategy wise look to take long positions in dips to if markets manage to hold above 5675 or a break out above 5700 levels,  or in sharp dips to 5630 odd levels.  Short positions in intraday basis can be taken if markets trade below 5675 on a sustained basis or in rise to 5750-60 levels. Both long at short positions if taken in extreme levels of 5630 (pull back long) or 5750 (pull back short) need to be also traded with a reversal trade at the stop levels.

Wish you all another successful trading month ahead, also we have completed the first three months of trading. Traders its time to sit back and review your individual trading plan and see how you have done and what needs to be corrected or improved. Write your rules and stick to it for the month

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5725-30  sustaining above which it will target 5755,5790
POWERTRADE TREND DECIDER OF THE DAY ------- 5675-80
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

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

Catch the market, before the big move with price point analysis. Catch the next Big move in NIFTY

NIFTY FUTURE- Review of 25^th   Mar

NIFTY FUT –  For Monday we discussed and mentioned that 5700 is the key level to watch out for and markets will only be able to clear it if NIFTY FUT manages to sustain above that level , else the downward trend may persist.
In the morning session , thanks to the gap up and strong global cues NIFTY FUT managed to open above 5700 zones. It did hold on there for quite some time and we too went long.  There we lost 15-20 odd points in that trade.
But then when 5700 was breached it was confirmed that the upmove may not sustain, break of 5690 was pretty much of a confirmation as  well. We went short below that zone and got massive gains all the way till 5640 odd levels. The pace of the downmove was a surprise and the fact that it gave no respect to the 5660 zones showed that market players are looking to short any opportunity.
On the other hand we also saw that for third day in a row despite strong downward momentum markets failed to break through the 5630 zones and it again got respected.
Today typically there were two trading chances once was a false move where a break out was not sustained and then a confirmed down move. Hope traders took one of those trades. Idea here is that we take the right trades based on analysis irrespective the results.  Ground rule: stick to the rules

NIFTY FUT failed to clear the 5700 zones and now have closed again at the pivotal point of 5660 again.
Where is it poised to move in the next trading session. Let us collectively analyze the trading levels to watch out for



Commodity traders can now follow our Advanced Automated trading signals Live at www.powertrades.blogspot.com
                                                                                                                     
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NIFTY FUTURE –26^th    Mar  Trading Guide

NIFTY FUT  not only had a failed break out but also at the same time closed below the crucial trading levels of 5660 zones. This was also compounded by the fact that we had literally no support offered at 5660 levels.
At the same time NIFTY FUT managed to close and hold on to the 5630 levels for the third consecutive session. Readers will appreciate that we noted this trading level long before it was actually tested.

Given that we had this kind of a close and a highly bearish daily candle it clearly shows that now it will need some real strong resolve from the BULLS to sustain that level in the coming sessions.
Trading wise on the downside 5630 will prove as the next key support and if that is broken NIFTY FUT will go onto  test 5605 levels and lower upto 5570 trading zones.
On the upside NIFTY FUT will immediate hurdle at 5660 levels and trading above that can again go on to test 5690 zones. It will be resisted in every upmove until 5725 levels are cleared on a sustained basis.
So trading wise it is prudent to look for a short trade if it holds below 5660 or breaks 5630 and only risky traders can look for a low risk long pull back trades in case it manages to sustain and hold onto 5630 odd zones.

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 ------- 5660-65
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

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

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge

NIFTY a range bound session? What’slies ahead? What are the levels to watch out before the RBI meeting?

NIFTY FUTURE- Review of 18th Mar

NIFTY FUT –  had a huge gap down opening , making us  interpret the levels in a different way. Let us review how we trade such gap ups or gap downs if at all.
We mentioned that the BULLS LAST stand point as 5860 and targets below it as 5825 levels. Now once we opened gap down the same BULLS LAST STAND point will act as a resistance now instead of a support in normal situations.
This is where markets exactly made a high and failed to take that level out on multiple occasions.
Similarly on the downside NIFTY FUT made a low just above the target zone of 5825 and failing to break that on either side.
This is the kind of day you see when strong intraday weakness meets strong swing supports. Best thing to is to wait for markets to break out of this zone and initiate a break out or a break down trade.
That’s where again the levels come handy. Markets all through the day precisely traded in between the trading levels and failed to clear it on either side. This was a clear sign of a range bound day in progress. We managed to stay away on Nifty trades.
Now that NIFTY FUT has broken through one zone and closed at another crucial trend decider zone where can it head to over the next few sessions? Read our analysis on near term support and resistance levels and a few trade combinations

Commodity traders can now follow our Advanced Automated trading signals Live at www.powertrades.blogspot.com
                                                                                                                     
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.

 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 – 19^th  Mar  Trading Guide

NIFTY FUT  closed a shade below our swing support levels of 5855-60 and now that will form as the immediate hurdle.  Trading above that zone NIFTY FUT can again go up to crawl and test the 5890 zones, This was pretty easily taken out the last time it was tested in a pull back. Will it be the same this time around we have to watch out for the coming sessions.But given the close and the movement we had the chance of a downside move is more accentuated.
At the same time we have strong swing support levels and in the downside zones, On the downside 5830 will form as an immediate support and a breach of that can test 5800 levels. All over again. Expect a mayhem if that level is breached conclusively.
This also provide a very low risk pull back opportunity for traders . we would want want to take the low risk swing pull backs in dips will stops and reversals below 5800, as the risk reward ratio is favorable at this stage
Also the fact that we had a small daily candle makes the trading decision relatively easier  as it is prudent to stay neutral in this zone and try and trade a pull back on the break of this trading range on either side.


Swing indicator wise the short term momentum indicator are now back to negative and will hold so until NIFTY FUT trades below 5865 The mid term momentum indicator are also negative now and will hold so until NIFTY FUT trades below 5905 levels

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5860-65  sustaining above which it will target 5890,5920
POWERTRADE TREND DECIDER OF THE DAY ------- 5825-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5800-05
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5760,5735

NIFTY closed at a crucial Pivotal point. Are you ready to trade another low risk high potential trade opportunity?

NIFTY FUTURE- Review of 15th Mar

NIFTY FUT –   For Friday we wrote that
“Now combining these with the chart and the price point analysis . NIFTY FUT has immediate resistance at 5960 levels and trading above that can head to 5900-6000 resistance zones.

On the downside immediate support now comes at 5920 and trading below that can go onto test 5890-5900 levels where markets should find some support.”
Markets made a high in the morning just around that level at 5967 and failed to sustain near that zone. Once we saw a confirmed failure there it drifted downwards. Once 5920 was broken in the first session itself it went on to test the 5890 zones as well. Infact we saw a low marked below 5890 but a failure to close below that still maintains that zone as a bottom.
Now how could we have traded the day with the levels and analysis presented a day before:
Bears Last stand point was given at 5965, where exactly morning high was made, Trend decider was give at 5920 zones, hence there was a short opportunity below trend decider for safe traders and  risky traders could had gone short well in advance keeping morning highs as a SL and reversal above it.

Markets now failed to sustain the momentum, but managed a close near 5890, how to trade the coming sessions and week. Read our analysis for the next session

NIFTY FUTURE – 16^th  Mar  Trading Guide

NIFTY FUT closed just around 5900 levels with a low of 5880 in the previous session, also knowing the fact that 5890 is a crucial swing trend decider for us the immediate support levels are established here at 5880-90 zones.
Let us also quickly review the options data charts to see if it presents any different view?

NIFTY OPTION Data-15th March

The options data suggests that there is now a strong build up at 5700 levels and then followed by 5800 levels.

Readers will also recall that we had a very good pull back swing trade at 5800 region from where we witnessed a good rally. On the upside we have good CE accumulation at 6000 and 6100 levels

Based on these two data we may conclude that another round of shorting can emerge if NIFTY FUT breaks the 5880-5900 zones .

Below 5880-90 we have support emerging at 5855 , 5825 and a strong swing support at 5805 levels, where we have a price point and option data support. So that level can be used as a Pull back trading zone with stops and reversal below 5800.

On the upside we will again see NIFTY FUT behaving strongly if we are able to clear the 5925 levels , we may see NIFTY FUt go all the way upto 5950 odd zones again. Swing resistance remains at 5965-75 levels. If we are able to clear that on a sustained basis we may see a strong pull back  and a good short covering.

Trading strategy wise: We would want to look for short trades below 5890 zones and long above 5925 . also it will be prudent to try contrarian trades at extremes of 5830 on the downside and 5960 levels on the upside.

Swing indicator wise the short term momentum indicator are neutral now and negative below 5880 and positive above 5925. The mid term momentum indicators are positive now and will hold so until NIFTY FUT trades above 5860 levels.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5920-25  sustaining above which it will target 5945,5960,6000

POWERTRADE TREND DECIDER OF THE DAY ------- 5885-90

POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5855-60

Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5825,5805

NIFTY Fut tested the key levels today? Where are high probability trading entry levels? Market Analysis

NIFTY FUTURE- Review of 12th Mar

NIFTY FUT –  The three trading levels pretty much sum up the accuracy of the analysis this time around. We mentioned that the TREND DECIDER of the day is 5975. NIFTY FUT high made is 5975. The BULLS LAST STAND point of the day was marked as 5935-40 and below that the target identified was 5910. NIFTY FUT once broke that zone made a low just above 5910 and on the upside again paused the move at 5973 levels.
The crux of the matter is couple of sessions back we mentioned that 6000 is going to be  a hurdle and also at the same time we expected supply to come in at 5900 zones.
For the past few sessions markets failed to clear the 6000 levels and made a lower top on short term charts. Now NIFTY FUT witnessed some profit booking to test the 5915 levels.
Readers will recall from old posts that 5915 was the previous top we discussed. Back then we mentioned that on a swing basis if 5915 is taken out there is a chance of 5975 to be witnessed.
Today was a first day we witnessed lower highs and a lower low and also NIFTY fut closed below 5950 levels.
The strength of this upswing will be tested in coming sessions on how we manage to sustain the support levels.
They may also provide another low risk buying opportunities too
What are the support levels to watch out for? Where are the zones that we can take a low risk trade? Read our analysis for the next session.

NIFTY FUTURE – 13^th  Mar  Trading Guide

NIFTY FUT closed near 5930 levels more importantly after nearly three failed attempts since yesterday to take out the swing highs and resistance levels.
Is the upmove a false one, will it hold on to its levels? To analyze that we have to view both short term levels and mid term levels in perspective and find a common ground of high probability trades.
Firstly on an intraday basis let us review the charts. NIFTY FUT will find immediate resistance at 5950-55 levels and until that is cleared at least all pull backs will be resisted. On the downside immediate support will emerge at 5910-15 levels.
But now coming to swing levels a breach of the 5910 levels will find support there at 5890 zones. This Is the swing retracement levels of the previous swing highs of 6120 and the lows made recently.
Only a breach of 5890 on a sustained basis can see a further weakening and take slide NIFTY FUT all the way till 5840-50 zones.
On the upside key hurdles will remain at 5975 levels yet .  Risky traders can create longs in dips to 5900 or in clear of 5955 . Safe traders can wait for a clear of 5975 to enter trades as well.
Short term intra day traders at the same time need to look for look for reversal and stop pull back trades within this zone.

If we combine the intraday and swing levels 5890 and 5850 zones are key to watch out for. But at the same time look for a pull back and trade and entry based on intraday levels with low risk stops.


Swing indicator wise the short term momentum indicator are neutral now and will be negative below 5890  and positive above 5955 levels again.. The mid term momentum indicators are now positive as well and will continue to hold so until NIFTY FUT trades above 5860 zones.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5970-75 sustaining above which it will target 5990,6025,6040
POWERTRADE TREND DECIDER OF THE DAY ------- 5950-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5910-15
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5890,5860

Review of 26th Feb and Update for 27th Feb 2013

                                       

NIFTY FUTURE – Review of 26^th  Feb

NIFTY FUT –   for yesterday and past few sessions we had clearly marked out that the trading range formed is 5830 and 5890-6000 on the upside. Yesterday we asked traders to take positions in break of either of this trading range.

Today Morning when the first hourly candle closed below 5830 levels. And that was the sign for our readers and traders to go short . In our numerous previous posts we had written that below that range 5790 and 5760 are the targets to watch out for on a swing basis.
Look at the market reaction first when 5825 was breached ( BULLS LAST STAND POINT) . Markets drifted lower to find some intermediate support near mid day at 5790 levels. The momentum intensified once that level was broken, for NIFTY FUT to mark a low near 5760 levels.
This also proves how beautifully the intraday trading levels works. We hope traders took a decisive trade to get good gains.
Now that we have closed in a lower zones, lets also raise  toast for getting our analysis spot on from the highs of 6120.
What are the swing support levels and target levels to look out for? How can we prepare ourselves to take advantage of those levels. Lets review our trading analysis for the next session.

POWERTRADE AUTOMATED SIGNALS:
With the budget around the corner? Are you geared to capture the big moves?  Trade with our advanced signals to get into the move before it happens. SMARTSIGNALS is designed to capture definite strong moves in trend and stay out of range bound markets giving massive gain potential
                                                                                                                     
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 went short near 5815 and booked massive gains all the way till 5775 zones giving it a big day of gains for our traders. Our BANKNFITY FUT traders are going strong having earned more than 573 points in the last 3 trades alone. 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 – 27^th  Feb  Trading Guide

NIFTY FUT – made a decisive weak close near 5760 levels. Now we have done a near 350 points plus correction on the index from the highs.  Let us now take a step back and also see how we traded this move. This is important to plan our next move.
Just back in early Jan all the so called analysts were going gung ho about the markets predicting new highs, then we took a step back and reviewed saying that we have done a strong upmove and needed a pause . we also got it spot on getting the exact high of 6120 projected even before that level was tested.
This wasn’t the first time though; In December when the markets were correcting lot of analyst had said that the top is done. We asked traders to buy near the 5850 zones.
Markets then famously pulled back all the way to give near 250 points swing gains and much more profit potential in stock futures trading.
Now in the same view we have been writing that NIFTY FUT has swing supports at 5730 zones and these will be good investing opportunities. At the same time please don’t read it as a justification to hold on to long positions taken long back with the hope markets will retrace. All we are saying is the long term momentum indicators – These track daily and weekly charts are still not bearish and they may provide low risk investment and trading opportunities Let us see how markets unfold in coming sessions.

For daily trading levels. NIFTY FUT will face immediate hurdle in the 5790-95 zones and clearing that can again see NIFTY FUT pull back to test the 5820-25 zones.
On the downside a breach of the low created today that is near 5755-60 levels will see NIFTY FUT to drift down to test the 5730-35 support zones. If that level is broken we can see NIFTY FUT move to 5700 zones.
On the downside any close below 5700 levels in swing basis can see a test of the next swing levels of 5630-40 zones.
We would like to trade for max upto 5710 levels and pause to see how markets react and look for a low risk pull back opportunity or a break of 5700 to trade for lower levels on swing basis.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5795-5800 sustaining above which it will target 5825,5855
POWERTRADE TREND DECIDER OF THE DAY ------- 5760-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5730-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5710,5670

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

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.

Review of 25th Feb and Update for 26th Feb 2013

NIFTY FUTURE – Review of 25^th  Feb

NIFTY FUT –  had a listless and direction less day where it failed to clear either side of the trading range and give a decisive move. We had discussed how important are 5890 levels on the upside and 5830 levels on the downside. Today barring a small breach on the downside we didn’t see any break of the trading level. Even during the breach NIFTY Fut failed to close below this trading range. NIFTY FUT gave multiple small trading opportunities within this trading range where we saw couple of pull backs from the trading levels that was also our BULLS LAST STAND point to TREND DECIDER of the day.
Now that we had another in decisive close again near the crucial trading levels of 5860, what are the next levels to watch out for?  Read our analysis for the next trading session in our analysis for tomorrow.

POWERTRADE AUTOMATED SIGNALS:
With the budget around the corner? Are you geared to capture the big moves?  Trade with our advanced signals to get into the move before it happens. SMARTSIGNALS is designed to capture definite strong moves in trend and stay out of range bound markets giving massive gain potential
                                                                                                                     
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.

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 – 26^th  Feb  Trading Guide

NIFTY FUT – had yet another close near the 5860 levels , well this is almost the third consecutive close in the same trading range despite trying to break out of the market range.
We had shared the Elliot wave analysis charts yesterday for the traders to reference against. We will post new charts once the market range changes. Till then use that as the reference.
As for immediate trading levels NIFTY FUT will face immediate hurdle at 5880-85 levels  and a clear of that this time can see NIFTY FUT move to 5900-5910 zones. Trading below that zone NIFTY FUT will trade weak and will try to test the lower support zones.

On the downside NIFTY FUT will face immediate support at 5830 levels and a breach of that can see a slide to 5810 and lower levels. Below that  we can see a slide till 5780 levels.
The final swing support and target levels for this down move emerge out at 5730 zones. We would want to trade for that target level once a confirmed break of 5830 happens. Until then there is every chance of market pulling back. At the same time expect every pull back to be resisted until 5925 levels are cleared.
So how to trade in the current context? Look for low risk pull back trades with stops of close below 5830 zones. And trade short below it. At the same time look for pull back shorts at appropriate levels with 5900 levels as stops.
In the trading range in between since the risk reward may not be favorable it is advisable to stay neutral.


Momentum indicator wise short term indicators moved into negative territory and remain so until NIFTY FUT trades below 5890. Midterm momentum indicators are now trading negative as well and will continue to hold so until NIFTY FUT trades below 5925 now.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5895-6000 sustaining above which it will target 5925,5945
POWERTRADE TREND DECIDER OF THE DAY ------- 5880-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5825-30
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5814, 5790

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

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.