Wednesday, March 17, 2010

Nifty Futures - Intraday and Positional Trading Levels, 17 March

Today, 5170 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5170, then it could test 5140.
Instead, if Nifty futures trades above 5170, then it could test 5260.


Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5170. 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 5170 for a target of 5000 with a stop at 5000 and trade long above 5170 for a target of 5350 with a stop at 5170.