|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
6320
|
6335
|
|
5 L - AMA
|
6277
|
6302
|
|
5 AMA
|
6267
|
6278
|
|
13 AMA
|
6307
|
6307
|
|
21 AMA
|
6330
|
6344
|
|
34 AMA
|
6280
|
6327
|
|
89 AMA
|
5961
|
5880
|
|
144
AMA
|
5947
|
5893
|
NIFTY BANDS :
SUPPORT : 5880 - 5960
RESISTANCE : 6280 - 6320
Nifty showed follow up selling after yesterday's weakness. 6200 is a minor psychological support and a bounce back retracing the fall from 6342 is possible. 6280 - 6320 is a strong selling zone now where markets may witness selling pressure. Any meaningful support will come in only at the 89 & 144 AMA which are at the 5900 - 5960 zone. A break below that band will add a lot of strength to the bear camp.
As of now Nifty is in Sell on Rise mode with resistance at the 13, 21 & 34AMA and support coming in at the 89 & 144 AMA.
Trade as per levels.
Happy Trading !!!
No comments:
Post a Comment