Friday, January 22, 2010

Nifty Futures - Intraday and Positional Trading Levels, 22 Jan

Today, 5075 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5075, then it could test 4995 and below that level, it could test 4935.
Instead, if Nifty trades above 5075, then it could test 5150.




Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5075. 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 5240 for a target of 4850 with a stop at 5240 and trade long above 5240 for a target of 5300 with a stop at 5240.