Tuesday, January 12, 2010

Nifty Futures - Intraday Range and Positional Trading Levels, 12 Jan

Today, 5278 is the crucial Intraday Level for Nifty Futures.
If Nifty sustains below 5278, then it could test 5230 and below that level it could test 5200.
Instead, if Nifty trades above 5278, then it could test 5320.


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.