Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 31 August 2010

Today, 5420 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5420, then it could test 5390 and below that level it could test 5350. 
Instead, if Nifty futures trades above 5420, then it could test 5460.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5420. 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.