Monday, January 11, 2010

Nifty Futures- Technical View & Trading Levels for 11 January

Nifty Futures 5258.00
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.