Thursday, April 22, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 22 April

Today, 5240 is the crucial intraday level for Nifty.
If Nifty sustains below 5240, then it could test 5220 and below that level it could test 5170.
Instead, if Nifty trades above 5240, then it could test 5300.


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, 22 April

Today, 5245 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5245, then it could test 5215 and below that level it could test 5170.
Instead, if Nifty futures trades above 5245 then it could test 5310.