|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5607
|
5580
|
|
5 L - AMA
|
5513
|
5500
|
|
5 AMA
|
5613
|
5598
|
|
13 AMA
|
5547
|
5495
|
|
34 AMA
|
5766
|
5815
|
|
89 AMA
|
5852
|
5867
|
|
144 AMA
|
5916
|
5930
|
NIFTY BANDS :
SUPPORT : 5608 - 5613
RESISTANCE : 5766 - 5815
Nifty showed a good bounce back today and has reached 5700 since our AMA table showed a bounce from 5550. Dats a neat 150 points. Next resistance comes in at the 34AMA band. Support is all the way down near 5600 and resistance at 5800 while Nifty is bang in the middle at 5700. Nifty may see-saw between these bands for a while before giving any directional trend.
Trade as per levels.
Happy Trading !!!
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