FOR DEC 1

*******Technicals
Nifty is in upmove of probable sideway trend.

******Trading system for NIFTY. (2755)
Ø 3d LMA- 2657, 3dHMA- 2777.
3d SMA- 2720, 8dSMA-2679, 34d SMA-2949.
Ø ~BIAS – neutral, MOMENTUM –positive, TREND – negative.
Ø STRATEGY-
*Positional—neutral.
Ø *SUPPORTS- 2720,2679,2657.
*RESISTANCE-2777,2949.

******Trading system for Reliance Ind. (1134)
Ø 3d LMA- 1070, 3dHMA- 1168.
3d SMA- 1115, 8dSMA-1118, 34d SMA-1266.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
*Positional—neutral.
Ø *SUPPORTS- 1118,1115,1070.

*RESISTANCE-1168,1266.