Today, 8640 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 8640, then it could test 8580 and below that level it could test 8530.
Instead, if Nifty futures trades above 8640, then it could test 8780.
Nifty Futures intraday Trading Strategy
For intraday, the crucial level is 8640. 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 8650 for a target of 8400 with a stop at 8700 and trade long above 8650 for a target of 9500 with a stop at 8550.
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