Thursday, January 14, 2010

Nifty Futures - Intraday and Positional Trading Levels, 14 Jan

Today, 5235 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5235, then it could test 5165 and below that level it could test 5100.
Instead, if Nifty trades above 5235, then it could test 5280 and above that level it could test 5300.


Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5278. 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.