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Nifty

Wednesday, May 30, 2007

NIFTY (4293)

After taking support in the morning at 4249, Nifty moved steadily up closing near highs of the day. Infact it made another alltime intraday high of 4299 and also made all time closing high of 4293.

Pivot point trading levels for 30th May is as under.
S2 S1 PIVOT R1 R2 R3
4230 4262 4280 4312 4330 4362

Pivot point trading levels for the Week is as under.
S2 S1 PIVOT R1 R2
4077 4162 4227 4312 4377

10-DMA 4239
20-DMA 4171
30-DMA 4139

Since the 14th of May Nifty has not closed below its 10-DMA. and similarly
Since the 4th of April, Nifty has not closed below its 20-DMA.
Since the 9th of April, Nifty has not gone below 30-DMA Intraday.

Resistances on the way up are at 4294, 4364, 4433, 4503. Support is at 4224, 4138.
These are not for any particular day and are valid for MEDIUM TERM.

Posted by FR at 8:23 AM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.