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Nifty Levels
Thursday, June 28, 2007
NIFTY (4264)
With 1 day remaining for F&O expiry, volatality was seen with some swings either side due to unwinding of positions.
Pivot Point trading levels for 28th JUN is as under.
S2 S1 PIVOT R1 R2
4232 4248 4271 4287 4310
Pivot Point trading levels for the Week 25th-29th JUN is as under.
S2 S1 PIVOT R1 R2
4079 4166 4222 4309 4365
Pivot Point trading levels for the Month of June is as under.
S1 PIVOT R1
4082 4195 4408
10-DMA 4228
20-DMA 4218
30-DMA 4228
Resistances on the way up are at 4294, 4364. Support is at 4224. These are not for any particular day and are valid for MEDIUM TERM.
Positional players, keep holding longs with a stoploss of 4228 on closing basis. Support for Nifty is at 4278, 4264, 4250, 4235, 4221.
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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.
