|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5554
|
5598
|
|
5 L - AMA
|
5385
|
5433
|
|
5 AMA
|
5467
|
5506
|
|
13 AMA
|
5340
|
5310
|
|
21 AMA
|
5315
|
5254
|
|
34 AMA
|
5420
|
5465
|
|
89 AMA
|
5690
|
5770
|
|
144
AMA
|
5770
|
5783
|
NIFTY BANDS :
SUPPORT : 5385 - 5430
RESISTANCE : 5470 - 5506
Nifty managed to stage a nice bounce today exactly from the support as shown in the AMA table.
Tomorrows session remains crucial as Nifty has manage to close in between the 34AMA band. If Nifty stays positive in tomorrows trading session then one may attempt longs for the 89AMA band as the lower bands will become supports. However, not sustaining the 34AMA band will open up further downsides.
Trade as per levels.
Happy Trading !!!
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