Nifty Future for July 8 - Viral Joshi

Yesterday Nifty closed flat at the end, having failed to sustain the morning gains. Crude oil came down to $141.23, due to which we could see some bounce back in the index after a small gap-down opening. Nifty above 4120 would lead a pullback rally.

Pivot is 4020 and support is 3920.

S1 3970; S2 3950; S3 3920; and R1 4000; R2 4050; R3 4100;

Buy above 4020 and if it breaks 4050 then 4100-4150.
Short below 3972 and if it breaks 3950 then 3920-3900.

Daily moving averages:

5DMA 3992;
20DMA 4293;
50DMA 4697;
200DMA 5217.