|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5611
|
5640
|
|
5 L - AMA
|
5490
|
5510
|
|
5 AMA
|
5540
|
5545
|
|
13 AMA
|
5393
|
5360
|
|
21 AMA
|
5345
|
5280
|
|
34 AMA
|
5420
|
5443
|
|
89 AMA
|
5690
|
5760
|
|
144
AMA
|
5765
|
5777
|
NIFTY BANDS :
SUPPORT : 5420 - 5443
RESISTANCE : 5690 - 5760
Nifty managed to cross the 34AMA band and staged a decisive breakout with the BankNifty surging a massive 10% in a single trading session. Nifty will now find support at the 34AMA band and the resistance being the 89AMA band. So buy at support and sell at resistance. This market will remain range bound and is in the process of correcting the entire fall. Breaking the 34AMA will signal the start of the next leg down in the markets.
Trade as per levels.
Happy Trading !!!
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