Thursday, April 16, 2009

Nifty Future For 16 APRIL,2009 - Viral Joshi

Pivot is 3450 and support is 3380.

S1 3480; S2 3450; S3 3420/3400; and R1 3500; R2 3520; R3 3550/3580;

Buy above 3500 and if it breaks 3510 then 3520 - 3550 - 3580.
Short below 3500 and if it breaks 3490 then 3480 - 3450 - 3420.

Daily moving averages:

5DMA 3362;
20DMA 3040;
50DMA 2880;
200DMA 3426.

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