|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5521
|
5520
|
|
5 L - AMA
|
5447
|
5430
|
|
5 AMA
|
5487
|
5482
|
|
13 AMA
|
5567
|
5551
|
|
34 AMA
|
5775
|
5800
|
|
89 AMA
|
5860
|
5862
|
|
144 AMA
|
5930
|
5946
|
NIFTY BANDS :
SUPPORT : 5480 - 5520
RESISTANCE : 5775 - 5800
Nifty managed to stay in the positive today and reached exactly our resistance zone of previous 5H-AMA. With todays move the 5H-AMA has now come down to 5520 zone which will act as a good support. Nifty closed exactly in the 13AMA band. If Nifty manages to sustain and stay positive in the next trading session then the 13AMA will come down further and act as a cushion for any fall. Above 5570 the next resistance comes in directly in the zone of 5775 - 5800 i.e the 34AMA band.
Trade as per levels. Have a wonderful weekend.
Happy Trading !!!
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