Thursday, October 16, 2008

Nifty Future for October 16 - Viral Joshi

Pivot is 3360 and support is 3100.

S1 3300; S2 3250; S3 3200/3150; and R1 3360; R2 3380; R3 3450/3500;

Buy above 3360 and if it breaks 3380 then 3400 - 3450 - 3500.
Short below 3300 and if it breaks 3250 then 3200 - 3150 - 3100.

Daily moving averages:

5DMA 3428;
20DMA 3843;
50DMA 4176;
200DMA 4739.

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