|
NIFTY
AMA
|
RANGE
|
|
|
5 H- AMA
|
5865
|
5867
|
|
5 L- AMA
|
5783
|
5791
|
|
5 AMA
|
5864
|
5870
|
|
13 AMA
|
5690
|
5670
|
|
34 AMA
|
5798
|
5850
|
|
89 AMA
|
5856
|
5808
|
|
144 AMA
|
5994
|
6061
|
NIFTY BANDS :
SUPPORT : 5850 - 5870
RESISTANCE : 5995 - 6060
Nifty having broken out on the upside has a strong support coming in at the 5850- 5870 zone. As can be seen multiple points are converging in that band suggesting of a strong support and a buy on dips for the time being. Only if Nifty breaks and sustains below this band, then we mayy consider that the current uptrend has lost momentum and a move down to the next support at 5800 ma be expected. Till then resistance is far near 6000. Buy on dips continues.
Happy Trading !!!
No comments:
Post a Comment