Wednesday, 12 December 2012

Review of 12th Dec and Update for 13th Dec 2012


NIFTY FUTURE – Review of 12th  December
NIFTY FUT- Another range bound session giving nothing away to the traders on both side. We have been writing continually on how important the 5920-60 zone had been and only a considerable movement would happen beyond this range. Barring spikes just around this level markets stayed within this range and did nothing to attract any interest. Again as we repeat a trade need to be immensely patient and develop the technique to be able to stay neutral in these range bound sessions and take decisive trades beyond this trading range only. It is futile to take entries within a restricted range. The idea is to use the trading levels in conjunction with one’s trading rules and decide and plan for trade entries and try to stick to it.

Not much to write home again but the fact that NIFTY FUT pretty much hovered between our TREND DECIDER and the BEARS LAST stand point again.

So what are the critical trading range to look out for the in the coming sessions.


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NIFTY FUT traders stayed neutral today and no trade was take other than some stock specific action …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 – 13th December Trading Guide
NIFTY FUT  before we move onto see let us look and do a quick review of NIFTY FUT on a larger context. If you look at the weekly charts NIFTY FUT has formed two small weekly candles after the big move we saw 2 weeks ago. From that context too a direction is likely to emerge once NIFTY FUT manages to clear the trading range of last week. This is 5870 on the lower side  and 5984 on the upper side. Now the beauty is this is almost in line with the higher trading range we mentioned just yesterday (we talked about 5860-5990 range). This ends up becoming a double confirmation of the trading range and the next round of direction to emerge beyond this range. Till then as we advised traders look to take pull back trades with stops and reversals below the range.
NIFTY FUT as again if manages to sustain below 5920 although can trade choppy now as the range has expanded look to take short side trades for targets of 5890 zones. On the upside a clear of 5960 can again go on to test 5990 range.

Break of 5890 will possibly lead to a retest of 5865 on the downside levels where we expect support to come in. In case NIFTY FUT manages to break that we can see it slide all the way to 5820 odd levels. Expect a breakout only on clear of 5990-6000 range on the upside for the eventual swing targets of 6048 and higher.

The short term momentum are now neutral and will turn negative below 5890 and positive only above 5955. The midterm momentum indicator hold positive above 5865 levels.
 As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5955-60    sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5920-25
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 ---- 5865,5835

Tuesday, 11 December 2012

Review of 11th Dec and Update for 12th Dec 2012


NIFTY FUTURE – Review of 11th  December
NIFTY FUT- what a day of anti climax that it turned out to be. We had NIFTY FU breaking beyond the previous range on both sides with considerable volumes and none of that eventually sustained. These days are  few and far between and they test you a lot as well. We have been writing that once 5960 levels are taken out NIFTY FUT will target our next swing resistance of 5690 zones. NIFTY FUT made a momentary top above that level and failed to sustain it . We went long in the opening as well and booked some profits there and once that level was taken out we went on to hold some positions, but got stopped out on the way down.
Then we also mentioned that the lower range is so important and below 5920 odd range market will go on to test the levels of 5890-95. Markets fell through with terrific momentum below 5920 and found exact support in that zone and managed to hold on and pull back.
Funny part was we managed to break out of the trading range on either side and eventually still closed within the range.  
Readers again may love to note despite the strong move how our levels got respected on either side as NIFTY FUT still tries to break out the larger trading range. How is NIFTY FUT expected to span out in the coming sessions? Read our post for the next session.

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NIFTY FUT first went long above 5965 and booked some at 5990 and got stopped out of remaining position at 5973. They again then went short below 5925 and booked part profit at 5901 and rest at 5920 near close. BANKNIFTY FUT traders had a good day too, garnering near 87 average points.. …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 – 12th December Trading Guide
NIFTY FUT tested the crucial swing support and resistance levels on both sides. But the fact that it respected the downside support levels at such high trading range means that BULLS are still willing to accumulate at lower ranges. NIFTY FUT exactly made a low at 5895 zone and managed to close within the trading range of 5920 odd levels. This is going to make trading difficult in coming sessions as till now we were only looking at a break of trading range of 5920-5960 but now we have to deal with a larger range of 5890-5990.
So how to go about trading this range? We would like to trade pull backs from near this trading range and reversals below given that the range has expanded now.
Break of 5890 will possibly lead to a retest of 5865 on the downside levels where we expect support to come in. In case NIFTY FUT manages to break that we can see it slide all the way to 5820 odd levels.On the upside we will only see some momentum once NIFTY FUT manages to clear 5955 levels on the upside.  This can possibly again test 5985 odd levels on the upside. Expect a breakout only on clear of 5990-6000 range on the upside for the eventual swing targets of 6048 and higher.


The short term momentum are now neutral and will turn negative below 5890 and positive only above 5955. The midterm momentum indicator hold positive above 5865 levels.
 As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5955-60    sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5925-30
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 ---- 5865,5835
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.

Monday, 10 December 2012

Review of 10th Dec and Update for 11th Dec 2012


NIFTY FUTURE – Review of 10th  December
NIFTY FUT-  we thought Friday was a range bound session and it was difficult to trade well than today just proved even more range bound and NIFTY just hovered around in a 30 odd points total range. Just Friday we discussed how important it is not to trade as well on certain days and how to use the trading levels to decide which are the days not to trade. Well Monday proved to be an immediate test for that. We gave trend decider of the day as 5920 and advised traders to create shorts on break of it and at the same time we gave Bears last stand point of the day as 5965 levels. NIFTY FUT just traded within this range and failed to break out on either side. So again when the trading levels are as close as they are today. Its better to test for break of the trading range on either side.

A range bound session? What are the important take home from today’s trade? Read our analysis for the next 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
                                                                                                                     
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NIFTY FUT traders did not take any trades today and stayed neutral. BANKNIFTY FUT traders took a brilliant pull back trade and managed to earn 43 points gain even in this range bound day. …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 – 11th December Trading Guide
NIFTY FUT by virtue of the range bound session created today proved that the trading range that we discussed yesterday has become even more relevant now. That is a break of 5920 on the downside and a trading break out above 5960 on the upside is even more relevant. Also to be noted that beyond both these levels are two other trading ranges on a swing basis that is 5990 on the upside and 5865 on the downside.

On the upside a clear of 5990 will mean it can go on and test the next swing levels of 6048. Readers will also recall that even before 5990 was tested we had clearly mentioned it as the next swing target for us.we would repeat that  if 5920 is sustained in the coming few sessions we have a high probability of it clearing it as well.
On the downside a break of 5920 will make an attempt to test the lower levels of 5890 zone and below that the swing support zones of 5865 will prove the key. In case that breaks in next few sessions look out of 5780-5800 as the next supply zones on downside  or the downside targets  for lower ranges.

Not much change in our momentum indicators. Short term indicators are holding positive until NIFTY FUT sustains above 5920. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFITY FUT holds above 5860 levels as yesterday. this is just exactly where markets bounced back from
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5960-65   sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5920-25
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 ---- 5865,5835
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.

Saturday, 8 December 2012

Review of 7th Dec and Update for 10th Dec 2012


NIFTY FUTURE – Review of 7th  December
NIFTY FUT-  Just a session back we mentioned that market seems to be lacking a depth, as of now to take the momentum forward, this also doesn’t  really mean that it is weak, but rather clueless for the next move or consolidating at these levels. On Friday NIFTY FUT nearly just traded within the final 2 hours candles formed for Thursday. The entire day’s range stayed well within the previous day’s candle range. This was also an ample sign to look for that market is not looking to break away on either side.
These are the days where you are tested again as a trader to hold on and see a slightly larger picture and let market form a direction. Now the question is how do we know that it has taken a decisive move in either direction and yet catch it early? Well its’s simple refer to the daily trading levels and combine with the swing trading levels. we mentioned that 5965 zone is the swing decider  and above that 5990 is also the BEARS LAST STAND point. So since market was not looking to clear any of that levels, we will avoid a break out trade. On the downside the TREND DECIDER was at 5925 and so until that level is atleast not convincingly broken we did wait and watch.
The levels watch as a reference and help you take the trade as planned.
Many a times traders tend to take unnecessary trades, move away from the plan just because its not getting to your trading levels, and later when we analyze that we realize that day was not a day to take a decent trade itself. Believe me it does happen to all of us.
Nevertheless NIFTY FUT now survived another scare to break below 5920 and barely closed around that region. How is the next week going to be? How do we trade the coming sessions?  Read our post for the next day.


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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
                                                                                                                     
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 did not take any trades today and stayed neutral. BANKNIFTY FUT traders took two trades today but also ended up overall neutral …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 – 10th December Trading Guide
NIFTY FUT first let us review from a weekly perspective. The week before saw a huge candle in NIFTY FUT which saw a near 300 points rally. This week while we traded at a higher range market stayed pretty much In a small range and barring Thursday’s candle rest of the day’s where pretty range bound. Given this context now the range of 5990 on the upside and 5865 on the downside will pretty much form a crucial swing levels for the next week or so. Since we already had the upmove the downside levels will prove more critical than the upside one. Meaning that if we see a downside break we can see some consolidation before a upmove. While on the upside we can see another move or higher consolidation ranges.
On the upside a clear of 5990 will mean it can go on and test the next swing levels of 6048. Readers will also recall that even before 5990 was tested we had clearly mentioned it as the next swing target for us. This is again where NIFTY FUT paused on its upmove. At the same time if 5920 is sustained in the coming few sessions we have a high probability of it clearing it as well.
On the downside a break of 5920  will make an attempt to test the lower levels of 5890 zone and below that the swing support zones of 5865 will prove the key. In case that breaks in next few sessions look out of 5780-5800 as the next supply zones on downside  or the downside targets  for lower ranges.





Short term indicators are holding positive until NIFTY FUT sustains above 5920. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFTY FUT holds above 5860 levels as yesterday. this is just exactly where markets bounced back from
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5965-70   sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5920-25
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 ---- 5865,5835
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.

Thursday, 6 December 2012

Review of 6th Dec and Update for 7th Dec 2012


NIFTY FUTURE – Review of 6th  December
NIFTY FUT-  before we get into writing and analyzing today’s trade let us first discuss and review on of the most important aspect of trading first. This thing is the psychological and mental training to stick to one’s trading plan and able to follow it  with precision. This is part of one’s mental training. How we train ourselves to trade as per the plan irrespective of what sentiment is. One should seriously develop that attitude of “ I don’t care about sentiment , I will follow my plan and just the price movement” . It something that we need to do day in day out as a trader. We will be honest, we don’t get it right 100% time, nothing wrong in it. What is important is to train analyze document it what I didn’t do correctly. Here I;m not talking about profits or losses but just the trading plan.
One of the reasons of writing our daily trading guide is to get our plans in place. Mark our levels on chart and be able to refer to them during trading. Now why did we mention this today? Because today was a perfect day where the trading plan worked both ways and  in these days it becomes even more difficult to stick to the trading plan versus sentiments. Today we had many of our traders who called in to say that while we went short below 5910 as per the plan, they were not convinced and missed the trade.  We did clearly mention once 5890 breaks will test the swing support level of 5870, where we mentioned supply can come in, This is exactly what happened and markets just found support there and pulled back smartly.
As per the plan when markets pulled above 5895-5905 levels we went long again. This time the traders following our premium trade were again confused. And many just reluctantly took the trade. What eventually transpired was a massive 63 points per lot intraday gain in 2 trades today.
Again  we will reiterate that neither do we get it right everytime, and it is perfectly ok to go wrong as well. The thing is what we take home as our learning and as a trader are we trying to change our wrong habits?

Now that NIFTY FUT pulled back above the crucial trading levels of 5960 zone , what is up next? Lets see the potential opportunities for tomorrow
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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
                                                                                                                     
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 did two trades , first went short below 5910 and booked profits at 5980 and then again made a smart trade going long as well to capture a whopping 63 points per lot? Missing all this action?. 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 – 7th December Trading Guide
NIFTY FUT while it gave a good trading day on both sides as per levels yesterday. There was also a warning sign with the way that it cracked 5890 and managed to pull  back above it as well. This kind of indicated that at times markets are now missing that depth to sustain an upward move, this can be dangerous as prices can retrace very fast when such depth is missing.
Nevertheless the fact that markets now pulled above the trading range 5960 is an important strong sign and from a swing perspective lets stick to the trend as it unfolds. Another thing to note today is that NIFTY the candle formation for NIFTY FUT. It nearly closed at the opening level as well. NIFTY FUT now faces immediate resistance still faces immediate resistance at 5990-6000 and above that can call for a test of 6040 levels. On the downside support now emerges at 5825-30 zone again and a break this time could almost indicate a double top formation and put the upmove to real test. Below that expect support to come at 5890 levels and swing support is now strongly established at 5860-70 as previously mentioned

Short term indicators did turn negative today but are again positive now and will hold so until NIFTY FUT holds 5925 levels. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFITY FUT holds above 5860 levels as yesterday. this is just exactly where markets bounced back from
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5990-6000   sustaining above which it will target 6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5925-30
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 ---- 5865,5835
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.

Wednesday, 5 December 2012

Review of 5th Dec and Update for 6th Dec 2012


NIFTY FUTURE – Review of 5th  December
NIFTY FUT-  today gapped up above our marked resistance zone of 5930 odd levels and attempted the highs of 5960 but failed to make a decisive mood. Two things today first where we were right and where it went wrong.
We mentioned that once NIFTY FUT manages to clear 5930 levels should be able to attempt 5990 zone which it failed to. The lack of momentum did take us by surprise as well. This is something that we got wrong. What we got right was the breakout zone, this exactly proved as a support for NIFTY FUT and it barely managed to hold on to that level.
Other than that nothing really much to take home about the review of today as it just traded in a very small range.
What is important is how do we analyze and plan for the trade tomorrow given the daily candle it formed.
Let us read that in our trading session for the next day.


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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
                                                                                                                     
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 near 5930 but finally closed out the trade and 5945 levels after seeing lack of momentum.. 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 – 6th December Trading Guide
NIFTY FUT despite clearing the previous high failed to show any momentum is a word of caution here.  On 5th NIFTY FUT formed a small daily candle just about 30 points range. Given the fact and also that the low coincides exactly with previous high levels that is the 5925-30. This becomes even more important.  Ideally watch out for the daily range to clear out on either side to initiate a trade for Longs or short.
Immediate support now emerges at 5925-30 zone and a break of that will possibly call for a re test again of 5900 zone again. The previous support in terms of swing levels is also at 5890-5900 odd levels. On the upside if now 5960 is cleared then markets markets can test the 5990 zone as is our swing target levels. Since the market made a mid range high near 5960 traders may want to take a trade and trail for upside targets.
Similarly intraday traders may initiate shorts below 5925 odd levels and swing traders now need to get cautious below that level as well
Now the short term momentum indicator being a more aggressive indicator is  positive until NIFTY FUT holds above 5925 levels. This will serve as an additional confirmation. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFITY FUT holds above 5860 levels.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5955-60   sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5925-30
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 ---- 5865,5835
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.

Tuesday, 4 December 2012

Review of 4th Dec and Update for 5th Dec 2012


NIFTY FUTURE – Review of 4th  December
NIFTY FUT-  we have been writing about the this for the past three sessions that until NIFTY FUT is in a range avoid trading it or look for pull backs from the lows keeping in view our support levels plus the TREND DECIDER levels advised for daily trading.Today again NIFTY FUT made a low exactly at our TREND DECIDER and smartly pulled back to close near the day’s high. This was clearly written yesterday to look for long trades in that region. This is exactly what our traders did too. Smartly went long at 5897 and booked profits towards close.
We also discussed yesterday that how to detect underlying strength when we are seeing a consolidation rather than a correction yet, and until our swing levels hold a consolidation is confirmed and a break above this zone would prove critical.

Now NIFTY FUT has almost traded in the same range for three trading sessions. So what is in store for the next session. Well I think everyone now is aware of what are the next levels to look for? Let us quickly review them and take a stock of the trading levels for tomorrow.


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
                                                                                                                     
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 at 5897 and booked good gains in a near range bound trading session at about 5923 zone. BANKNIFTY FUT had a hit in the first trade, but then covered more than that going long at 12223 levels and booking gains at 11280. 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 – 5th December Trading Guide
NIFTY FUT two primary things to take home for trading analysis for tomorrow, the fact that we have not been able to breakout with a follow up trading for the past few sessions. At the same time we also mentioned that until the swing support zones are intact this is a consolidation for the huge deviation from the moving averages that we have witnessed. This was confirmed as we managed to close on the higher side of the trading range. Even before this range was formed we had warned that the trading range breakout of 5930 levels is the next important decider. Once this levels is crossed the next swing target lies at 5990 levels. On the downside because of multiple support zones now 5890 is a critical support level to watch out for. Below that the test of 5865 is imminent. This should act as a support zone for now for the swing traders.
Look for pull back longs in dips with stops near 5890 levels and also look for long breakout trades. Risky traders can also take a short trade below 5890 but prefer for a confirmation for crack of 5865 for confirmed shorts.

No change in our momentum indicators. Momentum wise now the short term swing indicators are now trading positive and will do so until NIFTY FUT holds above 5860  levels. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFITY FUT holds above 5730 levels.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5930-35   sustaining above which it will target 5960,5990,6025
POWERTRADE TREND DECIDER OF THE DAY ------- 5890-95
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5860-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5835,5810
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.