Friday, April 30, 2010

Nifty Futures - Intraday and Positional Trading Levels, 30 April

Today, 5275 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5275, then it could test 5220.
Instead, if Nifty futures trades above 5275 then it could test 5310.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 5275. Trade short below this level and trade long above this level.

Nifty Futures Positional Trading Strategy

Positional traders can initiate shorts if it fails to sustain above 5180 for a target of 5100 with a stop at 5100 and trade long above 5180 for a target of 5320 with a stop at 5180.

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