Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 10 August 2010

Today, 5500 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5500, then it could test 5445 and below that level it could test 5410. 
Instead, if Nifty futures trades above 5500, then it could test 5525 and above that level it could test 5550.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5500. 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 5550 for a target of 5100 with a stop at 5550 and trade long above 5550 for a target of 5650 with a stop at 5500.