Friday, November 7, 2008

Nifty Future for November 7 - Viral Joshi

Pivot is 2920 and support is 2700.

S1 2850 ; S2 2800; S3 2750; and R1 2920; R2 2950/2980; R3 3020/3050;

Buy above 2900 and if it breaks 2920 then 2950 - 2980 - 3020 - 3050.
Short below 2850 and if it breaks 2820 then 2800 - 2780 - 2750.

Daily moving averages:

5DMA 2992;
20DMA 3065;
50DMA 3723;
200DMA 4497.

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