Wednesday, July 28, 2010

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 28 July 2010

Today, 5410 is the crucial intraday level for Nifty.
If Nifty sustains below 5410, then it could test 5360 and below that level it could test 5320.
Instead, if Nifty trades above 5410, then it could test 5460 and above that level it could test 5530.


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 5550. 

Nifty Futures Technical Analysis - Intraday and Positional Trading calls, 28 July 2010

Today, 5410 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5410, then it could test 5360 and below that level it could test 5320
Instead, if Nifty futures trades above 5410, then it could test 5460 and above that level it could test 5530.