Friday, May 21, 2010

Nifty Futures - Intraday and Positional Trading Levels, 21 May

Today, 4835 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 4835, then it could test 4800.
Instead, if Nifty futures trades above 4835, then it could test 4900 and above that level it could test 4930.

 

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 4835. 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.

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