Tuesday, February 09, 2010

Nifty Futures - Intraday and Positional Trading Levels, 9 Feb

Today, 4745 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 4745, then it could test 4650.
Instead, if Nifty trades above 4745, then it could test 4830.




Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 4745. 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 4820 for a target of 4500 with a stop at 4820 and trade long above 4820 for a target of 5000 with a stop at 4820.