Tuesday, March 16, 2010

Nifty Futures - Intraday and Positional Trading Levels, 16 March

Today, 5145 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5145, then it could test 5090 and below that level it could test 5040.
Instead, if Nifty trades above 5145, then it could test 5170.


Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5145. 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 5000 for a target of 4750 with a stop at 4750 and trade long above 5000 for a target of 5180 with a stop at 4950.