Thursday, September 4, 2008

Nifty Future For September 4 - Viral Joshi

Pivot is 4475 and support is 4400.

S1 4500; S2 4475; S3 4450/4400; and R1 4530; R2 4550; R3 4580/4610;

Buy above 4530 and if it breaks 4550 then 4580 - 4610.
Short below 4475 and if it breaks 4450 then 4420 - 4400.

Daily moving averages:

5DMA 4344;
20DMA 4419;
50DMA 4260;
200DMA 4999.

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