|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5713
|
5698
|
|
5 L - AMA
|
5585
|
5650
|
|
5 AMA
|
5634
|
5623
|
|
13 AMA
|
5799
|
5834
|
|
34 AMA
|
5843
|
5810
|
|
89 AMA
|
5890
|
5870
|
|
144 AMA
|
5960
|
5978
|
NIFTY BANDS :
SUPPORT : 5620 - 5650
RESISTANCE 1: 5700 - 5715
RESISTANCE 2: 5800 - 5835
Nifty failed to stay positive and ended the week on a weak note. The 5L - AMA and 5AMA averages have now shifted towards the critical 5600 - 5620 band. Resistance now comes in at 5700+ and above that at 5800. Sell at resistance and buy at supports. Markets are rewarding both ways. Bear markets are always characterized by equally fierce rallies.
Trade as per levels.
Happy Trading !!!
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