Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 26 July 2010

Today, 5460 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5460, then it could test 5410 and below that level it could test 5360. 
Instead, if Nifty futures trades above 5460, then it could test 5490 and above that level it could test 5530.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5460. 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.