Review of 8th jan and Update for 9th jan 2013

NIFTY FUTURE – Review of 8^th   Jan

NIFTY FUT we had another range bound session struggling to break away out of the trading range of 6050 levels on the upside and 5990 levels on the downside. The fact that it didn’t even go onto attempt the lower trading levels of 5965 zone signifies that the underlying strength is still strong for now.
We had discussed that the TREND DECIDER of the day is 6020 and market opened just a shade under that level and pulled down to make a low exactly above the BULLS LAST STAND point ( the last support zone) for the BULLS.

Our readers are well aware of this level on the downside and this is where markets found support and pulled back to close at the higher trading range of 6040 levels on the upside.
We also discussed the Bollinger bands on the previous session and spoke of the potential range expansion, we saw a hint of that today, as the band range expanded today to nearly 70 odd points.

Now that NIFTY FUt has again tested and failed to pierce through the trading levels and support of 5990 what holds in store for it in the next few session?

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Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
                                                                                                                     
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NIFTY FUT didn’t  traders today went long from the lows and captured a neat 25 odd points. Today was a unique day in a way where BANKNIFTY FUT traders went short and earned 57 odd points. Our traders today made two  profitable trades on both sides of the range.. … 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 – 9th  Jan  Trading Guide

NIFTY FUT  again traded within the trading range as discussed but managed to close on the higher side of the trading range and also we saw some range expansion possibilities this goes on to increase the possibility of break out side this trading range.  We had been discussing that one should either stay neutral or look for pull back trades within this range. Breakout or break down trades should only be preferably taken outside this trading range.
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Support now remains at 5990 levels on the downside. we would expect to go short once the 5990-6000 range breaks down. Below that the support or target levels emerge at 5965 and below that at 5945 range.
On the upside a resistance still remains at 6050-55 zone and clearing that NIFTY FUT can attempt 6098 levels and higher. Above that midterm swing targets are now at 6170 levels. 

The short term momentum indicator remains strong and positive and will continue to hold so until NIFTY FUT trades above 5990 levels.  The midterm momentum indicators remain positive until NIFTY FUT holds above 5940 levels.
Have you subscribed to the zero subscription model and trading the automated signals, yes there are no subscription charges to trade the automated signals.  Read at http://www.powertrade.co.in/smartsignals for more details on how to sign up for automated trading signals
As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6055-60    sustaining above which it will target 6098,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 6010-15
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 595-90
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5975,5945

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 7th jan and Update for 8th jan

NIFTY FUTURE – Review of 7^th   Jan

NIFTY FUT again opened and traded within the same range. We had mentioned clearly 3 sessions back how important is 6050 levels on the upside. This was our swing target mentioned way back in early December as well.
NIFTY FUT is failing to make much head away above this zone.
Today was another range bound session again. Lets recall that we developed and discussed a very simple trading technique to ensure we stay out of trading during the range bound sessions. If markets are pretty much trading between our two trading levels or a smaller range in between its best to stay neutral and wait for a decisive trade.
For example again today markets traded between our BEARS LAST STAND point and the TREND DECIDER of the day.

Given that we don’t have much to write home about today let us analyze what can be the next expected move in our analysis for next session.

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POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

NIFTY FUT didn’t take any trade today and decided to stay neutral.. … 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 – 8th  Jan  Trading Guide

NIFTY FUT  tested the upside zone on 7^th and closed a shade above the immediate trend swing supports of 5990- 6000 levels. Let us analyze a key aspect on the hourly charts. The  Bollinger bands have constricted to a very small range on the NIFTY FUT charts. On the hourly charts the bands are now just above 43 points apart. The last time we witnessed this constriction was around 26^th December and then we witnessed a strong move and range break out giving us a good trade for few sessions.
So with this view in perspective expect the NIFTY FUT to break out of this range sooner than later now. Hence now it becomes more prudent to look for a break out or a break down trade rather than a pull back trade here.
Given that we closed on the lower end of the range , we would expect to go short once the 5990-6000 range breaks down. Below that the support or target levels emerge at 5965 and below that at 5945 range.
On the upside a resistance still remains at 6050-55 zone and clearing that NIFTY FUT can attempt 6090 levels and higher.
tested the immediate support levels of 5990-6000 in the past few sessions and managed to pull back and closed a shade below 6050 our next break out zone identified. We had discussed in the previous session that if it manages to move above this level will head towards the upside zone of 6098 levels. Above that mid term swing targets are now at 6170 levels. 

 The short term momentum indicator remains strong and positive and will continue to hold so until NIFTY FUT trades above 5990 levels.  The  mid term momentum indicators  remain positive until NIFTY FUT holds above  5940 levels.
Have you subscribed to the zero subscription model and trading the automated signals, yes there are no subcription charges to trade the automated signals.  Read at http://www.powertrade.co.in/smartsignals for more details on how to sign up for automated trading signals
As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6050-55   sustaining above which it will target 6090,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 6020-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5990-95
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5975,5945

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 4th Jan and update for 7th Jan

NIFTY FUTURE – Review of 4^th   Jan

NIFTY FUT for 4^th jan we discussed that the support zone exists at 5990 6000 zone , this was also mentioned  as our TREND decider of the day. NIFTY FUT opened gap down and found some support just above that zone. Once Nifty fut managed to hold that zone it tried to move on the upside and eventually tested our upside zone of 6050.
We had discussed that this was the zone to watch out for in the previous session too.
NIFTY FUT pretty much traded range bound within this range and failed to break outside either range.
The only thing to watch out for is that NIFTY FUT made a marginally lower high than the previous session.
Other than that there is not much to write about as markets traded range bound now for two consecutive sessions.
Now let us review how to trade these markets in such range bound scenarios. Read our analysis for the next session

Readers may also mark our blog : powertrades.blogspot. you may also simply register your email ID online and get all the trading digest and other technical posts right into your mail box.

POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

NIFTY FUT  traders  took at pull back trade above 6015 levels and closed the trade at 6040.. … 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 – 7^th  Jan  Trading Guide

NIFTY FUT tested the immediate support levels of 5990-6000 in the past few sessions and managed to pull back and closed a shade below 6050 our next break out zone identified. We had discussed in the previous session that if it manages to move above this level will head towards the upside zone of 6098 levels. Above that mid term swing targets are now at 6170 levels. 
On the downside the support of 5990-6000 will prove as an important level of support to watch out for in the coming session. In case that is breached NIFTY FUT may drift down to the lower support levels of 5960-65.  This should act as a immediate supply zone.

Since the momentum indicators are trading positive the ideal trade to look out for is to look for pull back trades on the lower support ranges until 5990 is breached or at the same time look for a break out trade above this zone.
Also look for a break down trade in case 5960 is breached.

 The short term momentum indicator remains strong and positive and will continue to hold so until NIFTY FUT trades above 5980 levels.  The  mid term momentum indicators  remain positive until NIFTY FUT holds above  5940 levels.
Have you subscribed to the zero subscribtion model and trading the automated signals, yes there are no subcribtion charges to trade the automated signals.  Read at http://www.powertrade.co.in/smartsignals for more details on how to sign up for automated trading signals
As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6050-55   sustaining above which it will target 6090,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 5995-6005
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5960-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5940, 5910

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 3rd Jan and update for 4th Jan 2013

NIFTY FUTURE – Review of 3rd  Jan 

NIFTY FUT this one got to be a quick trading review. AS if you leave out the opening gap up NIFTY FUT pretty much traded within a 20 odd point range for the entire day, typical of what we saw for most part of December as well.
Yesterday we had marked out as 6050-55 as the BEARS LAST STAND point of the day and how importantly that level got respected and meant as the trading level to watch out for the day as markets just failed to take it out all through the day. Nevertheless the BEARS are still inactive at this level.  That is what we saw that there was no significant downside correction or profit booking yet.
How would we base our analysis that this move may have still some steam left? What are the trading levels to watch out for? Read our review for the next session.

Readers may also mark our blog : powertrades.blogspot. you may also simply register your email ID online and get all the trading digest and other technical posts right into your mail box.

POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

NIFTY FUT  traders  stayed neutral today , but BANKNIFTY FUT traders   went long but closed positions in just minor gains after no move for sustained period... … 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 – 4^th  Jan  Trading Guide

NIFTY FUT  displayed another range bound move giving away little for intra day traders. Why would we think there is some steam still left in NIFTY FUT,  well for two reasons firstly and most importantly the trading levels are still intact and NIFTY FUT resisted any downside move we didn’t even go on to test the next levels of 5990 zones.
Another thing to watch out for is how is the markets reacting at these levels. well review the daily charts formed on 6^th decemeber and subsequently on 7^th December. After testing new highs then markets immediately corrected  the next day. review the reaction till date in the recent up  move , markets have so far successfully sustained at these levels.
NIFTY FUT has immediate resistance at 6050 and if that is cleared NIFTY FUT will head towards the upside zone of 6098 levels. Above that mid term swing targets are now at 6170 levels.  
Also just for  the long term trading levels we have a new swing target at  6340 zones on the upside.
Downside support remains at 5980 levels  and below that now swing support emerges at 5965 levels which was the previous break out zone.

 The short term momentum indicator remains strong and positive and will continue to hold so until NIFTY FUT trades above 5980 levels.  The  mid term momentum indicators  remain positive until NIFTY FUT holds above  5940 levels.
Have you subscribed to the zero subscription model and trading the automated signals, yes there are no subcription  charges to trade the automated signals.  Read at http://www.powertrade.co.in/smartsignals for more details on how to sign up for automated trading signals
As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6050-55   sustaining above which it will target 6090,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 5990-6000
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5960-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5940, 5910

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.

Happy New Year 2013 and update for 3rd Jan

NIFTY FUTURE – Review of previous sessions

Firstly wish you all a very happy and prosperous new year ahead.
NIFTY FUT- Markets gave a new year rally to finally take out the 5960 levels. and close well above 6000 zone. So how did our trading levels work in the past few sessions.
Read our forecast for the  24^th : http://powertrades.blogspot.com.au/2012/12/review-of-21st-dec-and-update-for-24th.html
We mentioned that NIFTY FUT has supply zone at 5830 and that is where exactly NIFTY FUT bounced  off from exactly that zone for about nearly 200 points.  NIFTY FUT high made at 6049.90 today, but did our readers have any clue about it earlier? Well lets just see . Check the trading guide for http://powertrades.blogspot.com.au/2012/12/review-of-20th-dec-and-update-for-21st.html or before it.. All of them had the final target marked out as 6048. After BEARS LAST Stand point.
In fact when markets broke out early December we had mentioned this level clearly way back.  http://powertrades.blogspot.com.au/2012/12/review-of-12th-dec-and-update-for-13th.html As long as 13 th December we wrote this as the final target zones for our swing levels.
Again a huge success in projecting the targets right for our readers. Was it mere co incidence or thorough calculated technical analysis.


Readers may also mark our blog : powertrades.blogspot.

POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

NIFTY FUT  traders stayed neutral today, but BANKNIFTY FUT traders  managed a neat 40 points in a range bound session.. … 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 – 3^rd Jan  Trading Guide

NIFTY FUT displayed a typical range bound session after a strong move for the past few sessions.     The good part is NIFTY FUT managed a higher high closing and exactly did our swing targets, the fact that it managed to close strong indicates that there might be still some upside left for the current trend .
NIFTY FUT as we have been mentioning in the closing stages of December that the trend on the upside remains intact. The projections have worked out well.
So what are the next trading levels on the upside. NIFTY FUT has immediate resistance on the high created today that is at 6050 and if that is cleared NIFTY FUT will head towards the upside zone of 6098 levels.
Above that mid term swing targets are now at 6170 levels.  also just for  the long term trading levels we have a new swing target at  6340 zones on the upside.
But before that what are the downside levels to watch out for?  NIFTY Fut has now downside support at 5980 levels  and below that now swing support emerges at 5965 levels which was the previous break out zone.

 The short term momentum indicator remains strong and positive and will continue to hold so until NIFTY FUT trades above 5980 levels.  The  mid term momentum indicators  remain positive until NIFTY FUT holds above  5940 levels.
Have you subscribed to the zero subscription model and trading the automated signals, yes there are no subscription charges to trade the automated signals.  Read at http://www.powertrade.co.in/smartsignals for more details on how to sign up for automated trading signals
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6050-55   sustaining above which it will target 6090,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 5990-6000
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5960-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5940, 5910

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 21st Dec and Update for 24th Dec 2012

NIFTY FUTURE – Review of 21^st December

NIFTY FUT- We had mentioned that 5890 will be the crucial levels to watch out for below 5920 . This was highlighted quite a few times in the past few sessions. On Friday NIFTY FUT opened around that level and once failed to sustain below it fell down to test the crucial swing levels of 5865. We also wrote that NIFTY FUT will tend to trade negative below that zone and chances are if 5865 was tested it will tend to get broken. This is exactly what happened today as NIFTY FUT pulled down from those levels.
Also see how effectively the levels worked 5890 was the BULLS LAST STAND point of the day and below that it was signified that market will trade favor the bears. A break of that confirmed the downmove as well.
Market has ringed in the warning bells for the BULLS as market gave a significant closing  below 5865. What is up next ? read our detailed analysis for the next session.

Are you tuned into the next levels of trading. Trading with SMARTSIGNALS Automated signals. Read our detailed review and judge for yourself a true outperforming signal
What are the key levels to watch out for in the next sessions this week?  Read our detailed analysis for the next session.

Readers may also mark our blog : powertrades.blogspot.

POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

NIFTY FUT  traders  went short  below 5885 in the morning hours and booked gains till 5867 levels, BANKNIFTY traders too earned a handsome 40 points per lot. … 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 – 24^th  December Trading Guide

NIFTY FUT since it closed below 5865, this will now form as the immediate hurdle zone that is 5865-70 levels and trading above that zone will again tend to test 5895-5905 zone on the upside.Now above that 5920-25 will form as the immediate swing resistance zones.
On the downside now immediate support comes at 5825-30 and this should offer some supply. In case NIFTY FUT manages to move below that level expect further weakness and NIFTY FUT to tumble lower to test 5790 on the downside.
The short term momentum indicators  are now negative and will continue to hold so until NIFTY FUT holds below 5905 levels. The Mid term momentum indicator has also now turned negative and will hold so until NIFTY FUT trades below 5925 levels  



With the year end approaching, have you made your trading plans for the next year? Set your trading goals on what you want to achieve and what you want to improve with your trading? Its time you do that. Also have a look at our advanced trading SMARTSIGNALS to see how it can help you win with systematic trading.
< Read our  blog  and review the outstanding test performance on short term momentum trading system-SMARTSIGNAL BANKNIFTY FUT. Where the system generated 210% net returns>
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5890-5905  sustaining above which it will target 5920,5955
POWERTRADE TREND DECIDER OF THE DAY ------- 5965-70
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 ---- 5805,5790,5755

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 20th Dec and Update for 21st Dec 2012

NIFTY FUTURE – Review of 20^th   December

NIFTY FUT- opened gap up exactly again below our swing levels of 5960 zone. Failing to sustain eventually moved downwards. Just review even on a relatively range bound session and despite volatile moves how beautifully the levels worked. We mentioned that the BEARS LAST STAND point of the day is 5960 and markets just made a top below that in the opening session. Once that level was failed to clear out markets traded lower and once 5920 was breached it made an exact low above our BULLS LAST STAND point of the day. Where again it found support and yet again managed to still close near 5920 zones.
We had been advocating traders either to stay out or look for pull back trades in this trading range and only a breakout above this trading range. Again today was a day where this worked perfectly.

Are you tuned into the next levels of trading. Trading with SMARTSIGNALS Automated signals. Read our detailed review and judge for yourself a true outperforming signal
What are the key levels to watch out for in the next sessions this week?  Read our detailed analysis for the next session.

Readers may also mark our blog : powertrades.blogspot.

POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

NIFTY FUT  traders  went short with pre fed trades below 5925 and booked profit all the way till 5905 levels … 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 – 21^st  December Trading Guide

NIFTY FUT still is trading in the broader trading range that we have repeatedly mentioned and discussed. The fact that our levels are holding all the way has signified how important these levels are. If the lack of movement is frustrating you again take trades as per levels and look for pull back trades within this zone and only a breakout trade outside this trading range.NIFTY FUT managed to close above 5920 again and this will again prove as the immediate trend decider above that the hurdle remains at 5960 zone and a clear of that should go on to test 5990 on the upside.
On the downside NIFTY has immediate support at 5890 odd range and a breach of that will go onto test the swing support zones of 5865 and if that is breached, this time we may look for a good downside move. The broader range remains the same as market is still just trading within 150 odd points for this entire month.


With the year end approaching, have you made your trading plans for the next year? Set your trading goals on what you want to achieve and what you want to improve with your trading? Its time you do that. Also have a look at our advanced trading SMARTSIGNALS to see how it can help you win with systematic trading.
< Read our  blog  and review the outstanding test performance on short term momentum trading system-SMARTSIGNAL BANKNIFTY FUT. Where the system generated 210% net returns>


The short term are now neutral and will hold so until either NIFTY FUT moves below 5890 or above 5960 now..  MIDTERM momentum indicators are now negative and will do so until NIFTY FUT holds below 5960 levels.
 As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5950-55  sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5915-20
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5890-95
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5870, 5830,5810