Nifty Futures - Intraday and Positional Trading Levels, 7 May

Today, 5040 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5040, then it could test 5000 and below that level it could test 4950.
Instead, if Nifty futures trades above 5040 then it could test 5090.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5040. 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 5180 for a target of 5100 with a stop at 5100 and trade long above 5180 for a target of 5320 with a stop at 5180.