Friday, May 15, 2009

Nifty Future For 15 MAY,2009 - Viral Joshi

Pivot is 3590 and support is 3500.

S1 3590 S2 3580 S3 3550/3520 R1 3630 R2 3650 R3 3680/3700.

NIFTY FUTURE
BUY ABOVE 3600 & IF BREAK 3620 THEN 3640 - 3660 - 3680.
SHORT BELOW 3590 & IF BREAK 3580 THEN 3560 - 3540 - 3520.

Daily moving averages:

5DMA 3617;
20DMA 3512;
50DMA 3138;
200DMA 3359.


Gap Up Opening ( 30 Points).

keep eye on flower pot,if any

3500 support for day .

3600 Level Try To Hold For Day.

Above 3850 It lead to 4200.

Below 3600 it lead to 3450.

3600 To 3800 Act As Resistance Level,Now Its Point of Which Level It Break To move.

Trend Can Change to Be neg. if 3300 Broken. Still that Positive Trend

Today closing expecting at 3680.

Election Result Expecting :- Cong. Going To Rule Again.

Posted by VIRAL JOSHI at 8:01 AM

1 Comment:

Pradhan said...

Wow!!!!!!!!!!!!!!!!
What a fantastic analysis of NIFTY today!

Many congrats Viral saab!

Exactly future opened around 30 points gape,mkt through out traded above it's opening level despite of profit bookings& finally closed above 3680 as per your assumption!!!!!!!!!!!!!

I am big fan of your nifty analysis saabji.

Lastly you had given your views on political picture that congress will again rule with allies in center which is looking bit optimistic as even NDA could did it with them allies this time?

Anyway all uncertainties will be clear out tomorrow.

Thanks & keep it up

May 15, 2009 at 7:31 PM  

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