Tuesday, July 22, 2008

Nifty Future for July 22 - Viral Joshi

Today game depends upon the vote of trust for the government. So, it is best to be on the sidelines for a day.

Pivot is 4120 and support is 4020.

S1 4150; S2 4120; S3 4080/4020; and R1 4180; R2 4200; R3 4250/4310;

Buy above 4180 and if it breaks 4200 then 4250-4310.
Short below 4120 and if it breaks 4080 then 4020-3950.

Daily moving averages:

5DMA 3975;
20DMA 4059;
50DMA 4476;
200DMA 5174.

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