|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
6116
|
6120
|
|
5 L - AMA
|
6073
|
6073
|
|
5 AMA
|
6090
|
6087
|
|
13 AMA
|
6070
|
6082
|
|
34 AMA
|
5870
|
5767
|
|
89 AMA
|
5898
|
5850
|
|
144 AMA
|
5987
|
6018
|
NIFTY BANDS :
SUPPORT : 6070 - 6073
RESISTANCE 1 : 6082 - 6090
RESISTANCE 2 : 6116 - 6120
Nifty managed to stay in the positive and is now in the middle of the 13AMA band with todays closing. Nifty needs to pick up momentum and trade positive to keep above the rising 13AMA. The 5L - AMA is very close at 6073 and a break below that will allow room for correction towards the 144 AMA zone. If Nifty shows any weakness at these levels then we may see a reversal in trend with the rising 13AMA becoming resistance for any further upmove.
Till then trade as per levels.
Happy Trading !!!
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