Thursday, May 7, 2009

Nifty Future For 07 MAY,2009 - Viral Joshi

Pivot is 3650 and support is 3550.

S1 3620; S2 3600; S3 3580/3550; and R1 3650; R2 3685; R3 3700/3720;

Buy above 3650 and if it breaks 3670 then 3685 - 3700 - 3720.
Short below 3620 and if it breaks 3600 then 3590 - 3580 - 3550.

Daily moving averages:

5DMA 3555;
20DMA 3403;
50DMA 3040;
200DMA 3372.

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