|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5562
|
5574
|
|
5 L - AMA
|
5467
|
5465
|
|
5 AMA
|
5490
|
5499
|
|
13 AMA
|
5617
|
5622
|
|
34 AMA
|
5790
|
5800
|
|
89 AMA
|
5867
|
5863
|
|
144 AMA
|
5937
|
5955
|
NIFTY BANDS :
SUPPORT 1 : 5465 - 5467
SUPPORT 2 : 5490 - 5500
RESISTANCE 1 : 5562 - 5574
RESISTANCE 2 : 5617 - 5622
Nifty is to remain rangebound between the support and resistance bands. Support comes in from the 5L - AMA and the 5AMA whereas resistance now comes in from the 5H-AMA and the 13AMA. The 13AMA is fast moving downwards towards Nifty. Any closing above the 5H-AMA & the 13AMA will bring momentum on the upside and halt the downward momentum in Nifty.
Trade as per levels.
Happy Trading !!!
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