If Nifty Futures sustains below 8540, then it could test 8500 and below that level it could test 8480.
Instead, if Nifty futures trades above 8540, then it could test 8590.
Nifty Futures intraday Trading Strategy
For intraday, the crucial level is 8540. Trade short below this level and trade long above this level.
Nifty Futures Positional Trading Strategy- 07 November 2014
Positional traders can initiate shorts if it fails to sustain above 8200 for a target of 7700 with a stop at 8300 and trade long above 8200 for a target of 9000 with a stop at 8100.
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