Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 16 July 2014

Today, 7580 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 7580, then it could test 7540 and below that level it could test 7470. 
Instead, if Nifty futures trades above 7580, then it could test 7640.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 7580. 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.