Monday, December 21, 2009

Nifty Futures Intraday Levels and Trading Range, 21 December

Nifty Futures 4985.00
Nifty Futures Intraday levels and range



Today, if Nifty sustains below 5015, then it could test 4950 and below that level it could test 4870.


Instead, if Nifty trades above 5015, then it could test 5040.






Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 5015. Trade short below this level and trade long above this level.


Nifty Futures Positional Trading Strategy


Positional traders can initiate shorts if it fails to sustain above 5080 for a target of 4500 with a stop at 5080 and trade long above 5080 for a target of 5180 with a stop at 5080.