|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5896
|
5884
|
|
5 L - AMA
|
5813
|
5789
|
|
5 AMA
|
5819
|
5797
|
|
13 AMA
|
5998
|
6042
|
|
34 AMA
|
5885
|
5806
|
|
89 AMA
|
5903
|
5863
|
|
144 AMA
|
5982
|
6004
|
NIFTY BANDS :
SUPPORT : 5790 - 5820
RESISTANCE : 5863 - 5885
Nifty is in a strong downtrend. However, the 5 AMA & the 5L - AMA have now come in as support near the 5800 level. Therefore we may expect Nifty to take support near current levels and show a bounce if it sustains the support band. Resistance now comes in the 5860 - 5880 zone & above which we have the critical 5980 level to contend with.
Market may witness two way moves with increased volatility. Trade as per levels with strict sl
Happy Trading !!!
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