Friday, March 19, 2010

Nifty Futures - Intraday and Positional Trading Levels, 19 March

Today, 5225 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5225, then it could test 5290.
Instead, if Nifty futures trades above 5225, then it could test 5180.


Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5225. 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 5170 for a target of 5000 with a stop at 5000 and trade long above 5170 for a target of 5350 with a stop at 5170.