Friday, October 17, 2008

Nifty Future for October 17 - Viral Joshi

Pivot is 3275 and support is 3200.

S1 3275; S2 3250; S3 3220; and R1 3300; R2 3320; R3 3350/3400;

Buy above 3300 and if it breaks 3320 then 3350 - 3400 - 3450.
Short below 3300 and if it breaks 3275 then 3250 - 3220 - 3200.

Daily moving averages:

5DMA 3379;
20DMA 3803;
50DMA 4153;
200DMA 4725.

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