|
NIFTY AMA
|
RANGE
|
|
|
5 H- AMA
|
6088
|
6080
|
|
5 L- AMA
|
6028
|
6018
|
|
5 AMA
|
6055
|
6043
|
|
13 AMA
|
6047
|
6065
|
|
34 AMA
|
5852
|
5752
|
|
89 AMA
|
5892
|
5844
|
|
144 AMA
|
5984
|
6018
|
NIFTY BANDS :
SUPPORT 1 : 6018 - 6028
RESISTANCE : 6080 - 6088
Hi. Sorry for the unmentioned sabbatical. I am back with the AMA updates.
Nifty is moving in a narrow range between the 5H - AMA and the 5L - AMA. The range is from 6018 to 6088. Any break above or below the respective levels will decide the trend ahead for Nifty. It is interesting to note that the 13 AMA has moved above the Nifty as of today's closing. If Nifty is unable to move above the 13 AMA band in the coming 2 trading sessions then this will become a sell on rises market with the 13AMA providing resistance on the upside.
Keep the levels in mind. It's a tough market to trade. Break below the 5L - AMA and the 5970 - 6000 band will be considered an early sign of weakness and a trend reversal in Nifty.
Happy Trading !!!
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