Tuesday, June 24, 2008

Nifty Future For June 24 - Viral Joshi

Nifty closed below 4300 level. Today some recovery can be seen above 4285 level, support at 4200 and resistance at 4350. Yesterday Nifty rollover was at 27 percent. Marketwide rollover at 24 percent . Expiry is looking week as the Nuclear deal is still on the table.

Pivot is 4285 and support 4200.

S1 4270; S2 4250; S3 4200; and R1 4285; R2 4320; R3 4350/4400;
Buy above 4285 and if it breaks 4300 then 4320-4350.

Short below 4280 and if it breaks 4250 then 4200-4180.

Daily moving average:

5DMA 4471;
20DMA 4614;
50DMA 4861;
200DMA 5237.

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