Tuesday, December 30, 2008

Nifty Future for December 30 - Viral Joshi

Pivot is 2900 and support is 2880.

S1 2920; S2 2900; S3 2880; and R1 2940; R2 2960; R3 2980/3020;

Buy above 2920 and if it breaks 2940 then 2960 - 2980 - 3020.
Short below 2920 and if it breaks 2900 then 2880 - 2860 - 2840.

Daily moving averages:

5DMA 2941;
20DMA 2881;
50DMA 2897;
200DMA 4099.

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