Wednesday, May 14, 2008

Nify Future for May 14 - Viral Joshi

Nifty future Pivot is 5005 and support 4870.

S1 4950 S2 4870 S3 4820 and R1 4980 R2 5005/5030 R3 5055/5100;

Nifty Future
Buy Above 5005 and if breaks 5030 then 5055 - 5100 - 5150;
Short Below 4950 and if breaks 4920 then 4870 - 4820;

4950 - 5005 is sideways movement;

Moving average

5D 5034;
20D 5046;
50D 4913;
200D 5183;

4913 can be said to be the last support for bulls.

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