|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
5830
|
5812
|
|
5 L - AMA
|
5722
|
5705
|
|
5 AMA
|
5806
|
5780
|
|
13 AMA
|
5922
|
5953
|
|
21 AMA
|
5968
|
6063
|
|
34 AMA
|
5761
|
5665
|
|
89 AMA
|
5713
|
5698
|
|
144
AMA
|
5791
|
5770
|
NIFTY BANDS :
SUPPORT : 5812 - 5830
RESISTANCE : 5922 - 5970
Nifty hit a century and rallied straight to the 13AMA as mentioned earlier. The 13AMA is crucial for Nifty and a break above it will strengthen the case for a rally towards the earlier highs of 6140 and more. However, if Nifty is unable to cross this resistance band then it may drift downwards towards 5H-AMA which is at the support zone of 5812 - 5830. The crucial factor to watch for is the 34AMA which is rising with each passing day. If that is broken, then we may witness some major selling in the markets.
Nifty will unravel it's cards soon. Keep a watch.
Trade as per levels.
Happy Trading !!!
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