Wednesday, January 7, 2009

Nifty Future for January 7 - Viral Joshi

Pivot is 3100 and support is 3050.

S1 3100; S2 3080; S3 3050; and R1 3120; R2 3150; R3 3180/3200;

Buy above 3100 and if it breaks 3120 then 3150 - 3180 - 3200.
Short below 3100 and if it breaks 3090 then 3080 - 3050 - 3030.

Daily moving averages:

5DMA 3055;
20DMA 2981;
50DMA 2871;
200DMA 4045.

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