Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 20 December 2013

Today, 6170 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 6170, then it could test 6155 and below that level it could test 6100. 
Instead, if Nifty futures trades above 6170, then it could test 6235.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 6170. 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 5650 for a target of 5300 with a stop at 5700 and trade long above 5650 for a target of 5900 with a stop at 5550.