Wednesday, October 22, 2008

Nifty Future for October 22 - Viral Joshi

Pivot is 3210 and support is 3150.

S1 3200; S2 3180; S3 3150; and R1 3250; R2 3280; R3 3300/3350;

Buy above 3210 and if it breaks 3250 then 3280 - 3300 - 3350.
Short below 3200 and if it breaks 3180 then 3160 - 3150.

Daily moving averages:

5DMA 3208;
20DMA 3660;
50DMA 4073;
200DMA 4681.

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