|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
6092
|
6100
|
|
5 L - AMA
|
6033
|
6050
|
|
5 AMA
|
6044
|
6050
|
|
13 AMA
|
6073
|
6093
|
|
34 AMA
|
5880
|
5780
|
|
89 AMA
|
5900
|
5852
|
|
144 AMA
|
5988
|
6016
|
NIFTY BANDS :
SUPPORT : 5880 - 5900
RESISTANCE : 6033 - 6050
RESISTANCE 2 : 6073 - 6093
Nifty did not manage to keep up the momentum and gapped down towards the support of 144AMA band. Nifty managed to hold onto the lower end of the 144AMA band on closing basis. Now the trend is affirmed as Sell On Rises. Any bounce in the market should be sold into and the 13AMA band has become a stiff resistance for the Nifty.
Trade with the trend.
Happy Trading !!!
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