Friday, January 08, 2010

Technical Outlook of Nifty Futures and Trading Levels for 8 January

Nifty Futures 5259.00
Nifty Futures Intraday levels and range


Today, if Nifty sustains below 5285, then it could test 5240 and below that level it could test 5245.


Instead, if Nifty trades above 5285, then it could test 5320.






Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 5285. 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 5180 for a target of 4800 with a stop at 5180 and trade long above 5180 for a target of 5300 with a stop at 5180.

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