Thursday, January 1, 2009

Dow Jones Tonight for January 1 - Viral Joshi

Pivot is 8,780 and support is 8,600.

S1 8,750; S2 8,700; S3 8,650; and R1 8,780; R2 8,800; R3 8,850.

Above 8,780 Dow is positive and below 8,750 Dow is negative.

Nifty Future for January 1 - Viral Joshi

Pivot is 2965 and support is 2900.

S1 2950; S2 2920; S3 2900; and R1 2975; R2 3000; R3 3020/3050;

Buy above 2975 and if it breaks 2985 then 3000 - 3020 - 3050.
Short below 2970 and if it breaks 2950 then 2940 - 2920 - 2900.

Daily moving averages:

5DMA 2929;
20DMA 2893;
50DMA 2886;
200DMA 4089.

KM

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