Today, 8495 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 8495, then it could test 8455 and below that level it could test 8520.
Instead, if Nifty futures trades above 8495, then it could test 8535.
Nifty Futures intraday Trading Strategy
For intraday, the crucial level is 8495. 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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