Friday, February 19, 2010

Nifty Futures - Intraday and Positional Trading Levels, 19 Feb

Today, 4850 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 4850, then it could test 4760.
Instead, if Nifty trades above 4850, then it could test 4880.


Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 4850. 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 4950 for a target of 4400 with a stop at 4950 and trade long above 4950 for a target of 5050 with a stop at 4950.