Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 21 October 2010

Today, 6030 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 6030, then it could test 5970 and below that level it could test 5930. 
Instead, if Nifty futures trades above 6030, then it could test 6080.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 6030. 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 6000 with a stop at 5550.