Wednesday, December 23, 2009

Nifty Futures short term view and Intraday Levels for 23 December

Nifty Futures 4995.00
Nifty Futures Intraday levels and range

Today, if Nifty sustains below 4980, then it could test 4915 and below that level it could test 4870.

Instead, if Nifty trades above 4980, then it could test 5015.

Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 4980. 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.