Wednesday, January 28, 2009

Nifty Future for January 28 - Viral Joshi

Pivot is 2760 and support is 2700.

S1 2760; S2 2740; S3 2720; and R1 2780; R2 2800; R3 2820/2840;

Buy above 2780 and if it breaks 2800 then 2820 - 2840 - 2860.
Short below 2760 and if it breaks 2750 then 2740 - 2720 - 2700.

Daily moving averages:

5DMA 2733;
20DMA 2870;
50DMA 2844;
200DMA 3919.

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