Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 22 January 2013

Today, 6110 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 6110, then it could test 6040 and below that level it could test 5995. 
Instead, if Nifty futures trades above 6110, then it could test 6150.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 6110. 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.