Wednesday, December 17, 2008

Nifty Future for Dec 17 - Viral Joshi

Nifty Future Pivot is 3020 and support is 2980.

S1 3050; S2 3020; S3 2980; and R1 3060/3080; R2 3100; R3 3120/3150;

Buy above 3060 and if it breaks 3080 then 3100 - 3120 - 3150.
Short below 3050 and if it breaks 3030 then 3020 - 3000 - 2980.

Daily moving averages:

5DMA 2959;
20DMA 2766;
50DMA 3005;
200DMA 4189.

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