Wednesday, February 18, 2009

Nifty Future for February 18 - Viral Joshi

Pivot is 2770 and support is 2650.

S1 2750; S2 2720; S3 2700/2680; and R1 2770; R2 2785; R3 2800/2850;

Buy above 2770 and if it breaks 2785 then 2800 - 2820 - 2850.
Short below 2750 and if it breaks 2730 then 2720 - 2700 - 2680.

Daily moving averages:

5DMA 2877;
20DMA 2822;
50DMA 2882;
200DMA 3769.

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