Nifty Future For June 30 - Viral Joshi

Nifty closed to the last support 4000 level. If this is not broken then we can turn positive from here. The market is at oversold position so a bounce back will be seen with big points, so shorts should take care with stoploss.

Pivot is 4100 and support is 4000.

S1 4070; S2 4050; S3 4020/4000; and R1 4100; R2 4150; R3 4180/4220.

Buy above 4100 and if it breaks 4150, then 4180-4220.
Short below 4070 and if it breaks 4050 then 4020-4000.

Daily moving average:

5DMA 4233;
20DMA 4485;
50DMA 4816;
200DMA 5232;