Wednesday, September 17, 2008

Nifty Future for September 17 - Viral Joshi

Pivot is 4040 and support is 3980.

S1 4080; S2 4050; S3 4020/3980; and R1 4100; R2 4150; R3 4180/4220;

Buy above 4100 and if it breaks 4150 then 4180 - 4220.
Short below 4080 and if it breaks 4040 then 4020 - 3980.

Daily moving averages:

5DMA 4213;
20DMA 4330;
50DMA 4299;
200DMA 4934.

(Yesterday's Nifty future target is going to be achieved today. Enjoy)

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