Monday, January 12, 2009

Nifty Future for January 12 - Viral Joshi

Pivot is 2880 and support is 2750.

S1 2850; S2 2820; S3 2800/2750; and R1 2880; R2 2920; R3 2950/2980;

Buy above 2880 and if it breaks 2920 then 2950 - 2980 - 3020.
Short below 2850 and if it breaks 2820 then 2800 - 2780 - 2750.

Daily moving averages:

5DMA 3015;
20DMA 2985;
50DMA 2866;
200DMA 4026.

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