Thursday, December 31, 2009

Nifty Futures-Trading levels and Short term Outlook, 31 December

Nifty Futures 5165.00
Nifty Futures Intraday levels and range


Today, if Nifty sustains below 5165, then it could test 5110.


Instead, if Nifty trades above 5165, then it could test 5220 and above that level it could test 5260.






Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 5165. 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.