|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5750
|
5734
|
|
5 L - AMA
|
5662
|
5647
|
|
5 AMA
|
5699
|
5680
|
|
13 AMA
|
5889
|
5930
|
|
34 AMA
|
5870
|
5815
|
|
89 AMA
|
5900
|
5868
|
|
144 AMA
|
5972
|
5991
|
NIFTY BANDS :
SUPPORT : 5650 - 5700
RESISTANCE : 5815 - 5870
Nifty showed some bounce back from the lows today and held above the 5700 mark. The bounce though remains only a relief bounce. Resistance now comes in near 5800 levels. Any rise should be used to exit longs or create shorts with an appropriate sl. The broad support and resistance levels are shown. The lower band of 34AMA at 5815 remains a stiff resistance.
Trade as per levels.
Happy Trading !!!
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