Wednesday, January 21, 2009

Nifty Future for Jan 21 - Viral Joshi

Pivot is 2785 and support is 2650.

S1 2750; S2 2720; S3 2700/2680; and R1 2780; R2 2800; R3 2820/2840;

Buy above 2760 and if it breaks 2780 then 2800 - 2820 - 2840.
Short below 2750 and if it breaks 2720 then 2700 - 2680 - 2650.

Daily moving averages:

5DMA 2809;
20DMA 2916;
50DMA 2866;
200DMA 3961.

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