Tuesday, December 29, 2009

Technical Outlook and Short term View of Nifty Futures, 29 Dec

Nifty Futures 4995.00

Nifty Futures Intraday levels and range

Today, if Nifty sustains below 5170, then it could test 5120.


Instead, if Nifty trades above 5170, then it could test 5210 and above that level it could test 5260.






Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 5170. 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.