|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
6038
|
6075
|
|
5 L - AMA
|
5923
|
5958
|
|
5 AMA
|
6007
|
6065
|
|
13 AMA
|
5710
|
5666
|
|
21 AMA
|
5545
|
5447
|
|
34 AMA
|
5485
|
5425
|
|
89 AMA
|
5688
|
5747
|
|
144
AMA
|
5766
|
5770
|
NIFTY BANDS :
SUPPORT : 5765 - 5770
RESISTANCE : 5920 - 5960
Nifty fell after reaching the crucial 5930 in todays session. As mentioned yesterday that Nifty might witness a fall because the 5AMA was above the 5H - AMA, & boooooom a 100 points blasttt was seen in Nifty. That has however corrected and the 5H - AMA is now above the 5AMA.
Support now comes in at the 5760 - 70 band and resistance is at 5L - AMA which is at 5925 - 5960.
The 13AMA is rising fast and catching up on the Nifty. Watch out.
Trade as per levels.
Happy Trading !!!
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