Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 21 March 2011

Today, 5340 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5340, then it could test 5250 and below that level it could test 5180. 
Instead, if Nifty futures trades above 5340, then it could test 5425.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5340. 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 4700 with a stop at 5550 and trade long above 5550 for a target of 6000 with a stop at 5550.