Nifty Future for July 11 - Viral Joshi

As soon as Nifty is above 4120, a pullback rally can seen anytime toward 4400 level. Crude oil is up at $141.70.

For Nifty future, pivot is 4142 and support is 4050.

S1 4120; S2 4100; S3 4050; and R1 4150; R2 4180; R3 4200/4250;

Buy above 4155 and if it breaks 4180 then 4200 - 4250.
Short below 4142 and if it breaks 4120 then 4100 - 4080.

Daily moving averages:

5DMA 4071;
20DMA 4232;
50DMA 4635;
200DMA 5208.