|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5976
|
5987
|
|
5 L - AMA
|
5878
|
5902
|
|
5 AMA
|
5988
|
6015
|
|
13 AMA
|
5655
|
5605
|
|
21 AMA
|
5505
|
5415
|
|
34 AMA
|
5470
|
5425
|
|
89 AMA
|
5690
|
5751
|
|
144
AMA
|
5765
|
5770
|
NIFTY BANDS :
SUPPORT : 5765 - 5770
RESISTANCE : 5975 - 6015
Nifty after having rallied a lightning 800 points has come within throwing distance of the resistance band of 5970 - 5980 and the crucial 6050 - 6060 band.
The table clearly shows the resistance in the 5970 - 6000 range, with the 5AMA & the 5H - AMA converging in that zone. It is interesting to note however, that the 5AMA is higher than the 5H - AMA band which signals that the market is due for a correction soon.
Trade as per levels.
Happy Trading !!!
No comments:
Post a Comment