|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
6070
|
6038
|
|
5 L - AMA
|
5990
|
5950
|
|
5 AMA
|
6025
|
5983
|
|
13 AMA
|
6034
|
5995
|
|
21 AMA
|
6135
|
6157
|
|
34 AMA
|
6230
|
6301
|
|
89 AMA
|
6020
|
5935
|
|
144
AMA
|
5998
|
5944
|
NIFTY BANDS :
SUPPORT : 5995 - 6035
RESISTANCE : 6135 - 6157
Nifty formed an inside day today. Tomorrow will be a deciding day and the break of range on either side will give a good trending move. So the neutral stand is still in place. Support exist at 13AMA placed at 5995 - 6035 zone and resistance is at the 21AMA placed at the 6135 - 6157 zone. Keep in mind the 21AMA is in falling mode and will come down with each passing trading session. The AMA table shows strong support at 6000 with several numbers clustering in that zone. Therefore break of this support will lead to some trending downmove.
Time is running out and Nifty needs to make up its mind. We will get the clue tomorrow.
Trade as per levels.
Happy Trading !!!
No comments:
Post a Comment