Tuesday, May 04, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 4 May

Today, 5205 is the crucial intraday level for Nifty.
If Nifty sustains below 5205, then it could test 5170.
Instead, if Nifty trades above 5205, then it could test 5270.


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, 4 May

Today, 5200 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5200, then it could test 5170.
Instead, if Nifty futures trades above 5200 then it could test 5270.