Wednesday, March 31, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 31 March

Today, 5270 is the crucial intraday level for Nifty.
If Nifty sustains below 5270, then it could test 5250 and below that level it could test 5220.
Instead, if Nifty trades above 5270, then it could test 5295.

Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5330.

Nifty Futures - Intraday and Positional Trading Levels, 31 March

Today, 5285 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5285, then it could test 5260 and below that level it could test 5220.
Instead, if Nifty futures trades above 5285 then it could test 5310.