Tuesday, April 20, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 20 April

Today, 5230 is the crucial intraday level for Nifty.
If Nifty sustains below 5230, then it could test 5160.
Instead, if Nifty trades above 5230, then it could test 5280.


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 5400.

Nifty Futures - Intraday and Positional Trading Levels, 20 April

Today, 5250 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5250, then it could test 5170 and below that level it could test 5050.
Instead, if Nifty futures trades above 5250 then it could test 5290.