Today, 8890 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 8890, then it could test 8840 and below that level it could test 8820.
Instead, if Nifty futures trades above 8890, then it could test 8970.
Nifty Futures intraday Trading Strategy
For intraday, the crucial level is 8890. 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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