Review of 21st jan and Update for 22nd jan 2013

NIFTY FUTURE – Review of 21^st   Jan

NIFTY FUT –  On our analysis for Monday we had discussed that how important is the trading range of 6060 on the downside and 6120 on the upside is. We also mentioned that expect markets to trade in  a range bound manner until the trading range of 6120 on the upside and 6000 on the downside is not cleared in a convincing manner.
Markets again traded in a complete range bonud manner which has been typical of the  most of the December series and the January series as well. NIFTY FUT total trading range was a mere 35 odd points.
Again today high made was exactly arounf our BEARS LAST Stand point and the low just above our TREND Decider giving away little for traders.
The fact that it gave a break out above the 6095 range is significant and need to be closely watched in the coming sessions. This is also the highest closing of the markets in this series so far.

Now that markets have given the highest close so far whats in store for the next sessions? What are the levels to look out for? See our analysis for the next session


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NIFTY FUT traders took the breakout trade above the 6105 range but failed to capitalize on it as the market. ..… 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   Jan  Trading Guide

NIFTY FUT closed at the highest level so far but the cause of worry and to watch out is the volume component as the volume traded is way below the average for the past few sessions. Also that markets are not moving on either direction with conviction so far. What is important based on this is we still watch out for the 6000 range on the downside and 6120 on the upside as we discussed in the previous session. Until the range is cleared we have to look for pull back trades within that range and a clear breakout or a break down trade beyond that range. On either side there is a potential 2-2.5% move possible.

So what are the upside/downside projections after this?  On the upside a swing target of 6270 emerges once we are able to clear 6120 convincingly and on the downside a break of 5990 support can lead to a test of 5840 levels in the coming sessions/months. We will update this space as more targets possibly emerge.

Now with intraday trading levels. NIFTY FUT on the upside faces immediate resistance at 6120 levels  and if it manages to clear it can go on to target the next hurdle at 6135 range and above that can dart upto 6170 odd trading range. On the downside a breach of 6060 can first lead to a test of 6040 and then the intermiedaitee supply zones of 6025 range. 6000 still remains as the swing buffer a supply zones as per our analysis above.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6120-24   sustaining above which it will target 6135,6170
POWERTRADE TREND DECIDER OF THE DAY ------- 6090-95
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6060-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6040,6025,6005

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 18th jan and Update for 21st jan 2013

NIFTY FUTURE – Review of 18^th   Jan

NIFTY FUT – We discussed for Friday that despite the Strong recovery that we witnessed it is of paramout importance for markets to take out the trading levels of 6095 on the upside. During the trading hours in the morning markets formed as exact high just below that zone. Once it failed to clear that trading range on the upside. this formed the immediate hurdle. Our BEARS LAST STAND point was marked as 6095 ( High made was 6094.5).
Markets after that dipped to make a low just above the previous break down levels. The bullish overtones ensured that we didn’t see much of a correction yet so far.
January so far has been a tough trading month volatility wise as markets have just hovered around  a 120 odd point range for the entire month so far. In this range bound restricted move the levels have been helping to ensure what are the days we stay out of and what days do we get into the market.
Now that markets managed to sustain and hold on to 6060 levels , what are the immediate trading levels to watch out for? Will we see the support zones respected?  See our detailed analysis including swing analysis and the charts posted for a detailed review.



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NIFTY FUT traders got their first hit in quite a few trading sessions where we wanted to take a pull back trading from 5083 levels but eventually got stopped out at 6065. BanknNifty Fut traders also took  a hit today after. ..… 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   Jan  Trading Guide

NIFTY FUT managed to hold on to 6060 levels. This is a strong sign that markets are displaying good resilience near this level  because this was the first higher based formation above the 6000 range in the near term.
Before we get into the daily trading levels let us review the swing levels and what better to do it with a chart. As a chart says more than words in a quick view.

NIFTY FUT- JAN 2013

< Charts posted in blog>
If we review the charts we will observe that we have completed the 5^th wave( waves depicted by red lines) of this swing and is now either playing for the corrective waves or a larger upmove based on a larger swing waves range.
Now combine this with the Fibonacci projections posted and we observe that we are now trading between the projection range of 6002-6120 range. This essentially indicates that a break of range will happen once NIFTY FUT manages to clear either side of the range. So essential swing resistance on top is 6120 and on bottom is about 5990-6000 range.
Short term traders should use this range to look for a pull back trade from either side and swing traders or contrarian traders can look for a low risk opportunity to trade pull backs or wait for the break of range  on either side.
So what are the upside/downside projections after this?  On the upside a swing target of 6270 emerges once we are able to clear 6120 convincingly and on the downside a break of 5990 support can lead to a test of 5840 levels in the coming sessions/months. We will update this space as more targets possibly emerge.

Now with intraday trading levels. NIFTY FUT on the upside faces immediate resistance again at 6095 and if it manages to clear it can go on to target the next hurdle at 6120-6135 range and above that can dart upto 6170 odd trading range. On the downside a breach of 6060 can first lead to a test of 6040 and then the intermiedaitee supply zones of 6025 range. 6000 still remains as the swing buffer a supply zones as per our analysis above.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6095-6105   sustaining above which it will target 6135,6170
POWERTRADE TREND DECIDER OF THE DAY ------- 6055-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6020-25
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005,5970,5940

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 17th jan and Update for 18th jan 2013

NIFTY FUTURE – Review of 16^th   Jan

NIFTY FUT –  Just yesterday we discussed that while the break down looked severe we expected some supply to come in at 5990-600 zones. We also wrote that the shorts will be reinitiated only on movement below that zone.
Excerpts from our post yesterday – “On the downside NIFTY FUT has a support and buffer zone at 5995-6005 levels  and this will be keenly watched out. We would prefer and advice to initiate fresh shorts only if that level is breached”
This exactly proved correct when in the opening sessions NIFTY FUT managed to find some support there and and hold on to those trading levels.  This was also identified as our BULLS LAST STAND point and this is exactly where BULLS managed to hold back.  We also mentioned that above that hurdle will come at 6025 zones and once that was crossed NIFTY FUT made a dash towards the upside resistance zones of 6055 levels and managed to cross that as well with the momentum but eventually again just managed to close with the range.
Hope with the trading advice no one went eagerly short today and some smart traders also capitalized on pull back longs.
Now with this close NIFTY FUT is again back to the trading range where is struggled to break out of for most part of early Jan. How will it play now.  How to trade NIFTY FUT now ? Find this and a lot more on trading levels in the psot for next session.



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NIFTY FUT traders stayed neutral today. While there was an opportunity for pull back longs, having made good gains in past few sessions we probably played a little safe in hind sight. ..… 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 – 17th  Jan  Trading Guide

NIFTY FUT managed to hold on and check the slide that we saw yesterday. Good part was we were aware of this supply zone and hence had no shorts open until the levels of 5990 was breached. Technical wise the last 3 days have proved to be a daunting task where NIFTY FUT managed to completely reverse the momentum that was witnessed on the previous day.  A new high was made on 15^th which was followed by a strong downmove  on 16^th and a subsequent pull back on 17^th. These are the times when the trading levels help immensely to determine the direction of the move.
The bears will still hold some hope that the highs have not been  conquered, so keeping that in mind we would expect  to be cautious for creating any break out longs until the hurdle zone of 6095-6105 are conquered.  But the BULLS will be happy about one fact that the upmove today had more volume than the down move yesterday.
On the downside the levels of 5990-6005 will now form as the swing support and will be keenly watched out again. Immediate support may be expected to be at 6020 zones and if until that is breached expect the market to show some positive mood. On the upside if it  trades above 6055 too it will try to conquer the previous highs.
On the downside a breach of 6020 zones this time will again possibly make the market test the support zones of previous day. A breach of 5990 this time will probably signal a definite correction and may lead to test of lower swing levels of 5970 and 5940 zones.

To summarize this if markets holds well above the 6050 mark look for  long trades with 6020 zones stops and if market trades weak look for short trades with stops above 6055. Use the levels below for more decisive trades

As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6095-6105   sustaining above which it will target 6135,6170
POWERTRADE TREND DECIDER OF THE DAY ------- 6022-27
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5995-6000
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5975,5940

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 16th jan and Update for 17th jan 2013

NIFTY FUTURE – Review of 16^th   Jan

NIFTY FUT – Well what an anti climax was today. After witnessing the strong moves that we saw in the past session. But thankfully all our readers and traders were well prepared for this and had booked in time.
We had mentioned the 6095 as the final swing target. And yesterday we wrote that the swing target was done.
We also discussed a potential warning where the move was not strongly supported by banknfity Futures.

Additionally yesterday we clearly wrote that long can only be , I repeat can only be take if NIFTY FUT clears the 6095 zones. See our BEARS LAST STAND point of the day. market at 6095 as well. Markets opened below it and never looked like taking that level out. Well these were enough signs of warning and I genuinely hope the readers followed that advice, instead of creating blind longs just because they saw a dip.
We also mentioned that the TREND DECIDER of the day was 6055 and wrote that markets will trade weak and attempt lower zones if that level is breached. This is exactly what happened once 6055 was broken. We mentioned the downside BULLS LAST STAND POINT  at 6025 zones and this target was not only done. Look at the target mentioned below that 6005. NIFTY Made a low towards closing moments just above that.
Hope traders made good opportunity of the rare volatility towards their advantage and took the right trade.
Has the market topped out? Is there more steam left? How to figure that out?


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NIFTY FUT traders took some contrarian longs at 6070 levels had a bad trade and then went short below 6049 levels booking in hefty gains. BANKNFITY FUT traders had a good trade too going short near 12790  levels and booking strong gains all the way till the closing moments. ..… 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 – 17th  Jan  Trading Guide

NIFTY FUT we had mentioned that and clearly wrung out the warning bells well in advance. Today is a key and testing day for one of the key aspects of trading. That is we may have a view where markets can go and try to trade as per view. But as an intraday trader the challenges are large. One has to quickly analyze that the market momentum may have changed in the short term. This conflicts with your view. For a swing trader he may sit back and analyze and take trades accordingly. But for a short term trader he has to adapt and evolve his views intraday , which may be even at times against your position. The challenge then becomes even more.
This is something we all need to practice day in and day out. That’s one of the reasons why it is advised that that we trade with lower leverage. Because your position or the M2M shouldn’t determine your view but the other way round. Cut out positions when they become un comfortable.

Back to the trading and levels. NIFTY FUT had an engulfing daily candle and has pierced through the 6025 support zone and has closed below it and this doesn’t auger well. NIFTY FUT will now again face immediate resistance at 6025 zones and above that can become indecisive again and try to notch up to 6055 levels, We will only see strong momentum back if NIFTY FUT is able to convincingly take out those levels. Above that the swing hurdle is now firmly established at 6100 zones.
On the downside NIFTY FUT has a support and buffer zone at 5995-6005 levels  and this will be keenly watched out. We would prefer and advice to initiate fresh shorts only if that level is breached or wait for a pull back to take short and reversal trades.Below that level NIFTY FUT will attempt the  5965 support zones and in case that is breached too the swing support of 5945 should hold on for now. Else we are looking for a bigger swing correction. Lets see how it spans out

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 6070,6095,6135
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 ---- 5975,5940

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 15th jan and Update for 16th jan 2013

                                       

NIFTY FUTURE – Review of 15^th   Jan

NIFTY FUT – We had discussed yesterday that markets have broken out of the trading range and may carry the momentum through. For quite a few sessions and even yesterday we had clearly mentioned that above 6055 markets will head for the next swing levels of 6095 zones. This is exactly where markets topped out today.
Also check our TREND DECIDER and the BEARS LAST Stand point of the day mentioned for today.

We mentioned that the TREND DECIDER is at 6040 levels , this is exactly where markets found support today and pulled back to make a high exactly again at the BEARS LAST stand point of the day.
We also mentioned that the Momentum indicators are now positive and hence that acted in favor of the long side trades.hope the readers had a good trading session today.
Now that markets have done the projected targets levels it becomes even more important to look forward to the next session. What is the levels to look forward to in the next session? Will the long rally last further? Read our analysis for the 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?
                                                                                                                     
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NIFTY FUT traders went long near 6053 and booked massive gains all the way till exactly our target zone of 6094. The star performer of the day was Banknifty where we have booked 150 plus points in just two 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 – 16th  Jan  Trading Guide

NIFTY FUT broke out of the trading range yesterday and for a change displayed some follow up momentum on the subsequent day and eventually did the upside target zones today itself. Traders must keep in view that NIFTY FUT had been stuck in a 120-130 point range for a good long time and hence a move and target of 40-50 points will also serve well. The range bound markets have been testing times, more in terms of patience and ensuring we don’t end up over trading around the same levels. these are the common pitfalls a trader experiences .
Also the fact that the upside targets are done now. First thing is to sit back and review if there are any warning signs or a cause of concern.  Few things that need to be checked is for now NIFTY FUT seems to have slightly outperformed BANKNIFTY as we have not seen much of all round momentum in the banking space specially the PSU banking space as of yet.
We will want and wait for NIFTY FUT to take out this top of 6100 levels or to look for sharp dips to get back into long positions. NIFTY FUT now faces immediate support at 6055 zones and a breach of that on the downside will again put it back in the range bound zones. On the downside below that support will emerge at 6025 zones and this should see some supply coming in. On the upside NIFTY FUT now faces immediate hurdle at the top created today, Above that NIFTY FUT will try to test the zones of 6130 levels and above that lies the target range of 6175 levels.


The short term momentum are now trading positive again and will continue to do so until NIFTY FUT manages to hold above 6040  levels. The mid term momentum indicators are now positive as well and will hold so until NIFTY FUT holds above 5995 levels.
As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6100-6105   sustaining above which it will target 6135,6175
POWERTRADE TREND DECIDER OF THE DAY ------- 6055-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6020-25
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005, 5995,5975

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 14th jan and Update for 15th jan 2013

NIFTY FUTURE – Review of 14^th   Jan

NIFTY FUT – What a perfect day was it and how nicely did our discussion and analysis work out. We wrote clearly for Monday that while market has broken down and given a close below the crucial trading levels, watch out for our for a “false breakdown”.
We advised traders to look for a confirmation for markets to trade below the swing trading levels of 5990. Today  markets opened around the same zone and if you look at the hourly candles the first close happened just exactly above 5990, NIFTY FUT closed at 5991 levels. this was a warning sign for short traders, at the same time there was no indication for longs to be take n too.
But once NIFTY FUT managed to cross above the BEARS LAST STAND point of the day see the market reaction how markets pulled back and traded strong. This again signifies the importance of the trading levels.
We had clearly highlighted that the zone of 6020 is the TREND DECIDER of the day, once market took out that  level the lower zones of 5995 now acted as a support or stoploss for long trades. Check the charts, after 6025 was crossed no low was made below 5990 levels and all upside targets were done accordingly.
Hope all readers used the trading levels well and had a good trading session.
Now that NIFTY FUT gave it first close above 6055 levels, what’s in store for the next trading session. Read our analysis for 15^th Jan.

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 went long above 6025 zone exactly as advised and booked profits all the way till the closing stages of the market. Banknifty fut initially went short and then reversed above 12740 levels booking in massive gains. ..… 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 – 15th  Jan  Trading Guide

NIFTY FUT finally broke out of its trading range that it has been stuck in for a long time and broke out strongly on the upside. Yesterday despite a breakdown our momentum indicators were holding up and that was a warning sign that the break down still needs to be confirmed and eventually markets pulled back exactly from there.
Now NIFTY FUT has immediate support at 6025-30 levels and if it manages to hold above it , NIFTY FUT will attempt to take out the next swing targets of 6098 levels, Above that NIFTY FUT will face resistance at 6140 and above that the crucial  resistance now emerges at 6140 and 6175 levels.
On the downside we have to watch out first for it to sustain above the 6045 levels. In case it does the momentum will be confirmed if not we either wait for sharp dips to 6025 levels or wait for a clear break out.
On the downside if NIFTY FUT breaches 6025 it will again go on to attempt 5995-6000 support levels and this should provide a buffer an supply zone for now.


The short term momentum are now trading positive again and will continue to do so until NIFTY FUT manages to hold above 6025 levels. The mid term momentum indicators are now positive as well and will hold so until NIFTY FUT holds above 5975 levels.
As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6095-6100    sustaining above which it will target 6135,6175
POWERTRADE TREND DECIDER OF THE DAY ------- 6045-50
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6020-25
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005, 5995,5975

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 11th jan and Update for 14th jan 2013

NIFTY FUTURE – Review of 11^th   Jan

NIFTY FUT – we discussed for Friday’s analysis that immediate hurdle comes a 6025 zone. On Friday morning there was enough signs for it once market failed to close above it in the first 5-10 minutes. This was also marked out as our trend decider levels. So that essentially means that markets moved below the trend decider to target the lower support zones.
This is exactly what happened when NIFTY FUT fell through and attempted and stopped exactly near our BULLS LAST STAND point of the day. that too was eventually cracked during the closing stages of the day.
Again a day where the trading levels provided good guidance to offer any opportunity that we had in  a mixed range bound session.

We also discussed that 8 days in a row market has been trading in a range. Finally that range was pierced through On the on a closing basis by NIFTY FUT. Where it managed it first close below 5990 in 9 trading sessions?
Now what is in store for the market once that level has been pierced?  What are the next downside levels to watch out and trade for?  Read our post 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 were advised to stay neutral on the 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 – 14th  Jan  Trading Guide

NIFTY FUT  as we mentioned managed to break down the trading zone that it has been stuck in and gave its first close below that level in 9 trading sessions. Now that since this happened barely near the closing moments of the day we need to stay cautious of a false break down too. Hence with this in view the 5995-6000 zone will be an important watch out zone for the market.  If NIFTY FUT manages to sustain below it then expect  the market to pull down further to try and attempt our swing trading targets.
On the downside 5940-45 will hold as the next target zone and at the same time the swing breakdown zone to watch out for. In case that is broken expect market to slide down further. Below that the support levels emerge at 5920-25 and  in case that is breached to we may be looking at 5890-5900 levels. where we should atleast see some supply coming in . Hence that should be that final target for now for swing shorts.
On the upside NIFTY FUT will manage to bounce back in case it moves above 6025 zones. This small trading range hence now provides a very low risk swing long or short trading opportunity for the traders. Above 6025 targets remain at 6055 and 6098 levels.

The short term momentum is now negative and and the mid term momentum indicator is also neutral. The mid term momentum indicator will swing to negative once 5940 is breached.

As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6020-25    sustaining above which it will target 6098,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 5995-6000
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5940-45
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5920,5894

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

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