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Nifty Futures Technical Analysis – Intraday and Positional Trading calls, 26 November 2013

Today, 6140 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 6140, then it could test 6070 and below that level it could test 6020
Instead, if Nifty futures trades above 6140, then it could test 6170.

 

Nifty Futures intraday Trading Strategy
For intraday, the crucial level is 6140. 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 5650 for a target of 5300 with a stop at 5700 and trade long above 5650 for a target of 5900 with a stop at 5550.

 

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