Tuesday, October 7, 2008

Nifty Future for October 7 - Viral Joshi

Pivot is 3640 and support is 3480.

S1 3600; S2 3550; S3 3500/3480; and R1 3610; R2 3640; R3 3680;

Buy above 3610 and if it breaks 3640 then 3680.
Short below 3600 and if it breaks 3550 then 3500 - 3480.

Daily moving averages:

5DMA 3829;
20DMA 4103;
50DMA 4279;
200DMA 4811.

( use today low for long , target 4100 in 3 days )

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