Tuesday, September 16, 2008

Nifty Future for Sep 16 - Viral Joshi

Pivot is 3980 and support is 3850.

S1 3980; S2 3950; S3 3900/3850; and R1 4050; R2 4080; R3 4100;

Buy above 3980 and if it breaks 4020 then 4050 - 4100.
Short below 3980 and if it breaks 3950 then 3900 - 3850.

Daily moving averages:

5DMA 4292;
20DMA 4346;
50DMA 4298;
200DMA 4942.


One can buy Nifty Future @ 3850 - 3880 with Stoploss 3820 and TGT 4200 in 2 days.

Posted by VIRAL JOSHI at 9:24 AM

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