Nifty Future For 16 JUNE,2009 - Viral Joshi

Pivot is 4500 and support is 4350.

S1 4480 S2 4450 S3 4420/4400 R1 4500 R2 4520 R3 4550/4580.

NIFTY FUTURE
BUY ABOVE 4450 & IF BREAK 4480 THEN 4500 - 4520 - 4550.
SHORT BELOW 4450 & IF BREAK 4420 THEN 4400 - 4380 - 4350.

Daily moving averages:

5DMA 4582;
20DMA 4427;
50DMA 3847;
200DMA 3371.

Comment:-

Gap Down Opening Today.

support for day 4350.

4450 Act As Good Support,if it break then 4420 - 4400 - 4380.

Today 4400 Try to Hold.Above 4450 buying can be seen towards 4520.

Above 4400 It lead to 4600. & if 4650 broken then only 4800 - 5000.

Below 4300 it lead to 4100 & if 4050 broken then only 3900 - 3750.

Trend Can Change to Be negative if & only If 4100 Broken. Still that
Positive Trend .

DON'T MISS TODAY TRADE:-
NIFTY FUTURE & Reliance Future.