Thursday, December 17, 2009

Nifty Futures Intraday Levels and Range, 17 December

Nifty Futures 5057.70
Nifty Futures Intraday levels and range

Today, if Nifty sustains below 5060, then it could test 4950 and below that level it could test 4870.


Instead, if Nifty trades above 5060, then it could test 5085.






Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 5060. 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.