Wednesday, December 30, 2009

Nifty Futures-Short term Outlook and Trading Levels, 30 Dec

Nifty Futures 5195.00
Nifty Futures Intraday levels and range

Today, if Nifty sustains below 5190, then it could test 5120.


Instead, if Nifty trades above 5190, then it could test 5220 and above that level it could test 5260.






Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 5190. 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 4800 with a stop at 5080 and trade long above 5080 for a target of 5180 with a stop at 5080.