|
NIFTY
AMA
|
RANGE
|
|
|
5 H- AMA
|
5943
|
5977
|
|
5 L- AMA
|
5875
|
5903
|
|
5 AMA
|
5930
|
5975
|
|
13 AMA
|
5718
|
5693
|
|
34 AMA
|
5792
|
5827
|
|
89 AMA
|
5856
|
5808
|
|
144 AMA
|
5992
|
6057
|
NIFTY BANDS :
SUPPORT : 5808 - 5856
RESISTANCE 1 : 5875 - 5900
RESISTANCE 2 : 5943 - 5977
Nifty having formed an inside today has showed some pause in the rally. Now the 5 L-AMA, 5 AMA and the 5 H - AMA have jumped the fence and become resistance in the 5900 - 5975 range. Support now comes in the 5790 - 5850 band. So one can buy at dips towards at 5800 and sell at rises near 5970. Thats the broad trading range for now. Some consolidation is expected after the fierce 300 points pullback in Nifty. Till then trade as per levels.
Happy Trading !!!
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