|
NIFTY AMA
|
RANGE
|
|
|
5 H - AMA
|
6235
|
6208
|
|
5 L - AMA
|
6157
|
6130
|
|
5 AMA
|
6218
|
6195
|
|
13 AMA
|
6257
|
6285
|
|
21 AMA
|
6235
|
6218
|
|
34 AMA
|
6205
|
6266
|
|
89 AMA
|
5884
|
5807
|
|
144
AMA
|
5897
|
5845
|
NIFTY BANDS :
SUPPORT : 6200 - 6235
RESISTANCE : 6257 - 6285
Nifty is still neutrally poised with the breakout points clear. Break above 13AMA would lead Nifty towards it's all time highs whereas break below the cluster support zone of 21 & 34AMA would dampen any prospects of a rally towards new highs and would lead to the start of the much awaited correction. Tomorrow is expiry and the crucial FOMC meet. Diwali is not too far away. Markets may dilly dally till then. If History repeats itself then we may be in for a top at Diwali.
Trade as per levels.
Happy Trading !!!
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