Wednesday, December 16, 2009

Technical Outloook of Nifty Futures, 16 December

Nifty Futures 5021.90
Nifty Futures Intraday levels and range


Today, if Nifty sustains below 5050, then it could test 4950 and below that level it could test 4870.

Instead, if Nifty trades above 5050, then it could test 5080.



Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5050. 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.