Nifty - Technical Outlook and Intraday Trading Levels, 6 May

Today, 5060 is the crucial intraday level for Nifty.

If Nifty sustains below 5060, then it could test 5040 and below that level it could test 4950.
Instead, if Nifty trades above 5060, then it could test 5090 and above that level it could test 5140.

Short term Technical View of Nifty

For the short term, the level 4950 is crucial. If it sustains below this level, then it is likely to test 4600. Instead, if it trades above 4950, then it is likely to test 5200.

Nifty Futures - Intraday and Positional Trading Levels, 6 May

Today, 5060 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5060, then it could test 5035 and below that level it could test 4950.
Instead, if Nifty futures trades above 5060 then it could test 5090 and above that level it could test 5140.