Today, 8340 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 8340, then it could test 8270 and below that level it could test 8240.
Instead, if Nifty futures trades above 8340, then it could test 8420.
Nifty Futures intraday Trading Strategy
For intraday, the crucial level is 8340. 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 7950 for a target of 7700 with a stop at 8100 and trade long above 7950 for a target of 9000 with a stop at 7800.
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