Wednesday, February 03, 2010

Nifty Futures - Intraday and Positional Trading Levels, 03 February

Today, 4820 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 4820, then it could test 4770.
Instead, if Nifty trades above 4820, then it could test 4880 and above that level it could test 4950.



Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 4820. 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 4750 for a target of 4500 with a stop at 4750 and trade long above 5750 for a target of 5000 with a stop at 5750.