Nifty - Technical Outlook and Intraday Trading Levels, 17 June 2010

Today, 5250 is the crucial intraday level for Nifty.

If Nifty sustains below 5250, then it could test 5170 and below that level it could test 5120.
Instead, if Nifty trades above 5250, then it could test 5280.

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 4730. Instead, if it trades above 4950, then it is likely to test 5250.

Nifty Futures - Intraday and Positional Trading Levels, 17 June 2010

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 5130. 
Instead, if Nifty futures trades above 5250, then it could test 5290.