Nifty Future for July 23 - Viral Joshi

The government won the trust vote with 275 in favor. Finally, it appears that the nuclear deal is going to happen. As a result of this crude prices may come down more and the power sector will blast. The market is going open gap-up. Only the RBI meeting remains, which is on July 29.

Just check out what I said here: Predictions.

As for today, Nifty future:

Pivot is 4250 and support is 4200.

S1 4250; S2 4220; S3 4200; and R1 4300; R2 4350; R3 4380/4480;

Buy above 4300 and if it breaks 4350 then 4380 - 4420 - 4480.
Short below 4250 and if it breaks 4220 then 4200.

Daily moving averages:

5DMA 4051;
20DMA 4061;
50DMA 4460;
200DMA 5169.