Thursday, April 08, 2010

Nifty Futures - Intraday and Positional Trading Levels, 8 April

Today, 5380 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5380, then it could test 5340.
Instead, if Nifty futures trades above 5380 then it could test 5410.


Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5380. 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 5180 for a target of 5100 with a stop at 5100 and trade long above 5180 for a target of 5320 with a stop at 5180.