|
NIFTY
AMA
|
RANGE
|
|
|
5 H- AMA
|
5878
|
5892
|
|
5 L- AMA
|
5787
|
5797
|
|
5 AMA
|
5799
|
5815
|
|
13 AMA
|
5880
|
5887
|
|
34 AMA
|
6075
|
6174
|
|
89 AMA
|
5937
|
5872
|
|
144 AMA
|
6046
|
6109
|
NIFTY BANDS :
SUPPORT : 5787
RESISTANCE 1 : 5799 - 5815
RESISTANCE 2 : 5870 - 5890
Nifty broke down the 89AMA range and closed at the 5L - AMA as mentioned yesterday. On breaking below 5877, Nifty gave a near 100 points touching 5780. Thats the dynamism of AMA levels.
Now no levels exist on the table below 5787. So that implies Nifty can make swift movements and one should avoid longs until it crosses and closes above atleast the 5L - AMA band. Till then enjoy the shorts...
Happy Trading !!!
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