Nifty - Technical Outlook and Intraday Trading Levels, 04 June 2010

Today, 5090 is the crucial intraday level for Nifty.

If Nifty sustains below 5090, then it could test 5030.
Instead, if Nifty trades above 5090, then it could test 5125 and above that level it could test 5150.

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 5110.

Nifty Futures - Intraday and Positional Trading Levels, 04 June 2010

Today, 5110 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5110, then it could test 5060 and below that level it could test 5020 
Instead, if Nifty futures trades above 5110, then it could test 5140.