Thursday, September 18, 2008

Nifty Future For Sep 18 - Viral Joshi

Pivot is 4010 and support is 3800.

S1 3980; S2 3950/3920; S3 3850/3800; and R1 4010; R2 4050; R3 4100;

Buy above 4010 and if it breaks 4050 then 4100.
Short below 3980 and if it breaks 3950 then 3920 - 3850.

(Risky call: Buy Nifty Future @ 3800 - 3825 Stoploss 3780 TGT 4300 within 2 days).

Daily moving averages:

5DMA 4135;
20DMA 4312;
50DMA 4298;
200DMA 4925.

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