Tuesday, December 15, 2009

Technical View of Nifty Futures, 15 December

Nifty Futures 5102.90

Nifty Futures Intraday levels and range


Today, if Nifty sustains below 5145, then it could test 5080 and below that level it could test 5010.


Instead, if Nifty trades above 5145, then it could test 5175.






Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 5145. 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.