Wednesday, August 18, 2010

Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 18 August 2010

Today, 5445 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5445, then it could test 5350 and below that level it could test 5300
Instead, if Nifty futures trades above 5445, then it could test 5470 and above that level it could test 5500.



Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5445. 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.

1 comment:

  1. Suzlon energy
    Stay away from this stock , the Stock is posting poor results quarter after
    quarter and today it has made 52 week Low. To take winning trades its better not to enter in the stocks which are
    falling and this stock one of them. Fresh buying can be done in this stock if it trades above 63.5 for 1 week.
    otherwise the stock may make more new low in coming time.

    ReplyDelete

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