Thursday, January 28, 2010

Nifty Futures - Intraday and Positional Trading Levels, 28 Jan

Today, 4850 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 4950, then it could test 4800 and below that level, it could test 4750.
Instead, if Nifty trades above 4850, then it could test 4930.



Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 4850. 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 4750 with a stop at 5240 and trade long above 5240 for a target of 5300 with a stop at 5240.