Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 7 May 2014

Today, 6760 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 6760, then it could test 6720 and below that level it could test 6700. 
Instead, if Nifty futures trades above 6760, then it could test 6860.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 6760. 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 6350 for a target of 5500 with a stop at 6350 and trade long above 6350 for a target of 7500 with a stop at 6350.