Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 17 May 2012

Today, 4920 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 4920, then it could test 4880 and below that level it could test 4800. 
Instead, if Nifty futures trades above 4920, then it could test 4950.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 4920. 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.