Tuesday, June 11, 2013

NIFTY AMA





NIFTY AMA
RANGE
5 H- AMA
5908
5899
5 L- AMA
5829
5824
5 AMA
5855
5860
13 AMA
5914
5911
34 AMA
6096
6191
89 AMA
5943
5877
144 AMA
6048
6111



NIFTY BANDS :

SUPPORT 1 :        5855 - 5860
SUPPORT 2 :        5824 - 5830
RESISTANCE :     5900 - 5915


P.S : -  Nifty has been moving & consolidating in our 89AMA band since the past few trading sessions. Any break from the band can lead Nifty to it's next band. For instance, breaking below the lower range of the 89AMA band at 5877 Nifty will target the 5AMA band from 5855 - 60 and breaking above the upper range of the 89AMA band Nifty will target the next band i.e the 144 AMA band at 6048 - 6111.

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