Tuesday, February 24, 2009

Nifty Future for February 24 - Viral Joshi

Pivot is 2720 and support is 2600.

S1 2720; S2 2700; S3 2680/2650; and R1 2725; R2 2750; R3 2780;

Buy above 2725 and if it breaks 2735 then 2750 - 2780 - 2800.
Short below 2720 and if it breaks 2700 then 2680 - 2650 - 2600.

Daily moving averages:

5DMA 2784;
20DMA 2826;
50DMA 2883;
200DMA 3733.

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