Wednesday, June 4, 2008

Nifty Future for June 4 - Viral Joshi

Pivot for Nifty is 4680 and support 4500.

S1 4680; S2 4650; S3 4600; and R1 4710; R2 4730; R3 4750/4800;

Buy above 4700 and if it breaks 4725 then, 4760 - 4800;
Short below 4680 and if it breaks 4650 then, 4620 - 4580.

Daily moving averages:
5DMA 4816;
20DMA 4980;
50DMA 4920;
200DMA 5219;

4500 would act as a big support for the market.

Posted by VIRAL JOSHI at 8:44 AM

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