Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 01 September 2010

Today, 5420 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5420, then it could test 5390 and below that level it could test 5350. 
Instead, if Nifty futures trades above 5420, then it could test 5460.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5420. Trade short below this level and trade long above this level.

Nifty Futures Positional Trading Strategy

Positional traders can initiate shorts if it fails to sustain above 5550 for a target of 5100 with a stop at 5550 and trade long above 5550 for a target of 5650 with a stop at 5500.

Sensex- Technical Outlook and Trading Levels, 01 September 2010

Today, 18050 is the crucial intraday level for Sensex.

If Sensex sustains below 18050,  then it could test 17900 and below that level it could test 17850.
Instead, if Sensex trades above 18050, then it could test 18160.

Short term Technical View of Sensex

The level 18250 is crucial for the short term. If it sustains above this level, then it could test 18400. Instead, if it fails to trade above this level, then it could decline towards 16500 levels.

Medium term outlook of Sensex dated on 2 August 2010

The medium term outlook of Sensex would remain bearish if it fails to sustain above 18000. Sensex is likely to bottom out in the medium term at 13300 levels in coming months.

Long term outlook of Sensex dated on 14 December 2009

The long term outlook of Sensex is looking bearish and it seems that Sensex is likely to bottom out in 3 years.