Nifty Futures - Intraday and Positional Trading Levels, 19 July 2010

Today, 5340 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5340, then it could test 5300 and below that level it could test 5240. 
Instead, if Nifty futures trades above 5340, then it could test 5400 and above that level it could test 5430.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5340. 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 5300 for a target of 4950 with a stop at 4950 and trade long above 5300 for a target of 5550 with a stop at 5300.