Thursday, January 22, 2009

Nifty Future for January 22 - Viral Joshi

Pivot is 2720 and support is 2650.

S1 2670; S2 2650; S3 2620; and R1 2700; R2 2720; R3 2750/2780;

Buy above 2700 and if it breaks 2720 then 2750 - 2780 - 2800.
Short below 2670 and if it breaks 2660 then 2650 - 2640 - 2620.

Daily moving averages:

5DMA 2783;
20DMA 2899;
50DMA 2861;
200DMA 3950.

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