Nifty Futures - Intraday and Positional Trading Levels, 02 June 2010

Today, 4990 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 4890, then it could test 4930 and below that level it could test 4890.
Instead, if Nifty futures trades above 5020, then it could test 5050.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 4990. 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 5095 for a target of 4730 with a stop at 5110 and trade long above 5095 for a target of 5200 with a stop at 5050.