Friday, February 05, 2010

Nifty Futures - Intraday and Positional Trading Levels, 05 Feb

Today, 4758 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 4758, then it could test 4680.
Instead, if Nifty trades above 4758, then it could test 4815 and above that level it could test 4860.


Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 4758. 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.