Wednesday, May 26, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 26 May

Today, 4880 is the crucial intraday level for Nifty.
If Nifty sustains below 4880, then it could test 4820 and below that level it could test 4750.
Instead, if Nifty trades above 4880, then it could test 4920.


Short term Technical View of Nifty

For the short term, the level 4950 is crucial. If it sustains below this level, then it is likely to test 4730. Instead, if it trades above 4950, then it is likely to test 5200.

Nifty Futures - Intraday and Positional Trading Levels, 26 May

Today, 4880 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 4880, then it could test 4815 and below that level it could test 4750.
Instead, if Nifty futures trades above 4880, then it could test 4920.