Nifty - Technical Outlook and Intraday Trading Levels, 08 June 2010

Today, 5045 is the crucial intraday level for Nifty.

If Nifty sustains below 5045, then it could test 5000 and below that level it could test 4940.
Instead, if Nifty trades above 5045, then it could test 5090.

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, 08 June 2010

Today, 5030 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5030, then it could test 4980 and below that level it could test 4930. 
Instead, if Nifty futures trades above 5030, then it could test 5070.