Wednesday, October 15, 2008

Nifty Future for October 15 - Viral Joshi

Pivot is 3550 and support is 3380.

S1 3480; S2 3450; S3 3400/3380; and R1 3525; R2 3550; R3 3580/3620;

Buy above 3525 and if it breaks 3550 then 3580 - 3600 - 3620.
Short below 3500 and if it breaks 3480 then 3450 - 3400 - 3380.

Daily moving averages:

5DMA 3482;
20DMA 3880;
50DMA 4196;
200DMA 4753.

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