Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 3 November 2010

Today, 6160 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 6160, then it could test 6095 and below that level it could test 6050. 
Instead, if Nifty futures trades above 6160, then it could test 6220.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 6160. 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.