|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5654
|
5667
|
|
5 L - AMA
|
5528
|
5509
|
|
5 AMA
|
5553
|
5567
|
|
13 AMA
|
5683
|
5699
|
|
34 AMA
|
5810
|
5803
|
|
89 AMA
|
5877
|
5867
|
|
144 AMA
|
5946
|
5963
|
NIFTY BANDS :
SUPPORT : 5510 - 5530
RESISTANCE 1 : 5553 - 5567
RESISTANCE 2 : 5654 - 5667
Nifty witnessed massive selling today and fell intra towards 5500. However, after such a massive fall the 5L - AMA is yet at 5510 - 5530. Holding the same one may witness a bounce back. Only on a break below 5510 some strong selling may come in. Clearing the 5AMA at 5570, Nifty may aim towards 5H-AMA. There is alot of inter market divergence. So trade carefully.
Trade as per levels.
Happy Trading !!!
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