Tuesday, January 20, 2009

Nifty Future for January 20 - Viral Joshi

Pivot is 2855 and support is 2750.

S1 2820; S2 2800; S3 2780/2750; and R1 2855; R2 2880; R3 2900/2920;

Buy above 2840 and if it breaks 2855 then 2880 - 2900 - 2920.
Short below 2835 and if it breaks 2820 then 2800 - 2780 - 2750.

Daily moving averages:

5DMA 2798;
20DMA 2930;
50DMA 2873;
200DMA 3971.

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