Nifty - Technical Outlook and Intraday Trading Levels, 12 July 2010

Today, 5320 is the crucial intraday level for Nifty.

If Nifty sustains below 5320, then it could test 5280 and below that level it could test 5235.
Instead, if Nifty trades above 5320, then it could test 5375 and above that level 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, 12 July 2010

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

If Nifty Futures sustains below 5340, then it could test 5305 and below that level it could test 5270. 
Instead, if Nifty futures trades above 5340, then it could test 5375 and above that level it could test 5400.