Today, 5055 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5055, then it could test 5000 and below that level it could test 4950.
Instead, if Nifty futures trades above 5055, then it could test 5105.
Instead, if Nifty futures trades above 5055, then it could test 5105.
Nifty Futures intraday Trading Strategy
For intraday, the crucial level is 5055. 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 5950 with a stop at 5550.
Hold Nifty Long positions with a stop loss of 5038 and targets of 5220.
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