Nifty - Technical Outlook and Intraday Trading Levels, 22 June 2010

Today, 5340 is the crucial intraday level for Nifty.

If Nifty sustains below 5340, then it could test 5300 and below that level it could test 5250.
Instead, if Nifty trades above 5340, then it could test 5400.

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 5450.

Nifty Futures - Intraday and Positional Trading Levels, 22 June 2010

Today, 5340 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5340, then it could test 5300 and below that level it could test 5250. 
Instead, if Nifty futures trades above 5340, then it could test 5400.