Thursday, February 19, 2009

Nifty Future for February 19 - Viral Joshi

Pivot is 2770 and support is 2700.

S1 2750; S2 2720; S3 2700; 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 2740 then 2730 - 2720 - 2700.

Daily moving averages:

5DMA 2847;
20DMA 2821;
50DMA 2882;
200DMA 3757.

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