REVIEW OF 18th Sep 2012 AND UPDATE FOR 20th Sep 2012

NIFTY FUTURE – 18^th   Sep Recap

NIFTY FUT- had a day where all of us were left to wonder where all the momentum is. A very range bound and narrow day where the entire movement was merely restricted to 30 odd points. Allowing little for intraday players.
Few days back we had written on how to figure out if the day is range bound and restrictive. One of the best and simple tools to do that is to refer to the trading levels and the range between them. Look at the market reaction today, the entire trading range was restricted within the BULLS LAST stand point and the TREND DECIDER of the day. If the market hovers mostly within any two trading range within a good part of the session, it becomes pretty apparent that the day is range bound and its better to stay out and wait for a clear breakout or break down.

Today the high couldn’t cross the TREND DECIDER indicating a slight negative bias and at the same time low was made exactly above the BULLS LAST STAND point, which it just managed to hold on to and close above 5600 levels.

In the recent run BANKNIFTY has pretty much caught up with NIFTY, we had mentioned until few weeks back that the BANKNIFTY has been an underperformer and now it is doing the catching up job providing some trading opportunity too for intraday traders.

Markets managed a successive close above 5600? What are the levels below/above which can we expect a major move? Read on our post for the next session.

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NIFTY FUT intraday longs were taken around 5625 but seeing lack of movement closed out near 5620 levels towards the later stages of the day. Had a good trade in BANKNIFTY where we went long above 11030 and booked gains exactly around 11080.Make it a big day for your trading.  And leave your trading worries to us…Looking for decisive trade entries?.. 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 – 20^th Sep Trading Guide

NIFTY FUT despite a range bound move managed to safely close above 5600 in a very range bound session.
Now the support of 5595-5600 becomes extremely crucial and a breach of that can mean some short term negativity. Below that immediate support comes at 5570-75 zones which is a retracement level any breach of that can test the levels of 5525-30 where we should expect some support to come in. in case that level is tested.  On the upside only a move above 5640 now can test 5675 levels.  Since we had a very range bound day it is better to look for break of this trading range to initiate any trades.
Crucial positional resistance comes at 5700-10 zone on the upside. Only if we manage to clear this level will a see a further upmove to test new highs. This level is a multiple retracement zone and all contrarian swing players should clearly mark this out in their charts.
In the coming sessions there are two eventualities that can happen. 1. A correction below 5520 and test of some support levels before we pull back again or 2. If the mood is strong enough we can see some consolidation in this zone itself and a pull back from here. Both of these may provide good swing opportunities in coming sessions when the upside and downside swing levels are tested.

Cues to trade this Wednesday: Clearly look for a breakdown trade below 5595 or a breakout trade above 5640. Else avoid trading within this range.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5635-40 sustaining above which it will target 5665,95,5710
POWERTRADE TREND DECIDER OF THE DAY ------- 5595-5600
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5565-70
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5555,5525,5475

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.

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REVIEW OF 17th Sep 2012 AND UPDATE FOR 18th Sep 2012

NIFTY FUTURE – 17^th   Sep Recap

NIFTY FUT- Another Gapup, another Rally and a little pause- that’s how we would summarize today. Yesterday we had marked out that 5600 levels are a crucial resistance levels to watch out and trading above that markets will attempt higher levels. we also wrote a small write up on how to trade gap ups and downs. On How a resistance becomes a support once market crosses that hurdle and we all could put that into test just the next day. NIFTY FUT opened gap up and paused around our second break out target. First it failed to clear our levels of 5657 and hence drifted downwards to make a low just around the 5600 levels to smartly pull back again providing a contrarian opportunity to the traders.
Now why do we call today a little pause? Friday NIFTY FUT gapped up and kept on making new highs for most of the day. Lets review the charts today- Today despite the gap up NIFTY FUT failed to clear the morning highs and at the same time made lower tops and close  shade above 5600 on a closing basis.
Again how important are the trading levels? We had mentioned that the BEARS LAST STAND POINT of the day was around 5600 levels. Once markets were holding above that zone ideally look for a pull back buy or a breakout buy out of a trading range. This is exactly how the day spanned out.

We had a terrific trade with JPASSOCIATE longs created around Thursday. Why do we call it a terrific trade when markets went up anyways? Well because just measure the amount of outperformance. NIFTY FUT value surged by about 3% since Thursday while JPASSOCIATE yielded a whopping 16% return in mere 2 trading sessions. About 22,000 profit per lot booked.

Markets managed to close above 5600 levels? Are we still looking at higher levels? Is the rally done and should I take short positions here? Read our  analysis for the next session.

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NIFTY FUT intraday longs were created just as advised around 5600 and partial profit booked at 5620 levels.then we got stopped out at cost. We had 2 terrific trades with Banknifty futures where we booked nearly 130 points in 2 separate trades. Make it a big day for your trading.  And leave your trading worries to us…Looking for decisive trade entries?.. 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 – 18^th Sep Trading Guide

NIFTY FUT managed to close a shade above 5600 levels after testing that zone. Immediate resistance now comes at 5650 levels and above that around 5695 levels. Immediate support now comes at 5595-5600 levels and a breach of that this time will see a quick fire test of 5570 levels and below that test of 5555 is possible. Crucial support now emerges at 5525-35 zone and that should be the immediate pull back zones to look for swing players in the coming sessions. A cross above 5700 levels this time can push the markets all the way till 5755 and 5825 levels on the upside in next few sessions. But at the same time charts now look seriously over bought.

 Today’s market move was a kind of a pause compared to yesterday. Also the fact that we witnessed higher volumes compared to yesterday without new higher levels being created is a key point to watch out for. Just want to put a special note for our short term investor folks, lot of people would be left out feeling that they have missed the bus and buoyed by analysts would want to jump into the rally. Should we do that is more upmove still left? Well that is something we can assure that no one has an answer. We can surely use technical analysis and draw projection levels and look for next targets. But at the same time the fact is that we have seen a massive up move in a very short time. No doubt that the up move can still continue before it runs out of steam but now at this stage the downside risk is higher compared to the upside potential. Rather wait for markets to cool down and pause. Let us get a feel of new levels being created. Then look for re entry understanding the risk involved. Yes it can still rally from here, yes we may miss the bus- But at the same it is better to miss one rather than trying to jump into one and hurt oneself. Again this note is mostly focused around the investors in us. Short term and intraday trading is a different ball game and comes with a lower risk and higher leverage. For that lets stick to our daily levels.

So is it a time to short? Short term traders wait for a confirmation of breakdown of trading levels or look for higher levels to short to limit risk.

Cues to trade this Tuesday: Look to short below 5595 levels if markets moves below that zone. Risky shorts can also be taken on rise to 5650  levels with stops above 5675. At the same time if markets manage to hold 5600 levels in the early sessions look for a pull back trade with tight stops.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5670-75 sustaining above which it will target 5695,5710,5758
POWERTRADE TREND DECIDER OF THE DAY ------- 5645-50
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5595-5600
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5570,5555,5535

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.