Thursday, January 07, 2010

Nifty Futures Technical View and trading Levels, 7 January

Nifty Futures 5291.00
Nifty Futures Intraday levels and range


Today, if Nifty sustains below 5295, then it could test 5260 and below that level it could test 5245.


Instead, if Nifty trades above 5295, then it could test 5320.






Nifty Futures intraday Trading Strategy


For intraday, the crucial level is 5295. 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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