|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
6315
|
6330
|
|
5 L - AMA
|
6213
|
6210
|
|
5 AMA
|
6278
|
6293
|
|
13 AMA
|
6260
|
6283
|
|
21 AMA
|
6257
|
6263
|
|
34 AMA
|
6235
|
6200
|
|
89 AMA
|
6165
|
6102
|
|
144
AMA
|
6066
|
5975
|
NIFTY BANDS :
SUPPORT : 6235 - 6265
RESISTANCE : 6315 - 6330
Nifty is consolidating above the 34AMA and holding above key support levels for the moment. Nifty is under going time correction before it prepares for it's next move. As long as the 13 & 21AMA continue to hold there is no major threat to this upmove. Nifty is pretty close to both these crucial AMA's and therefore it needs to make an upmove soon in order to keep above these rising AMA's.
It is expiry week and therefore certain volatility is expected. A break below 6235 will terminate this uptrend and break below 34AMA will confirm it. Nifty will soon reveal it's path. Keep ur eyes open.
Trade as per levels.
Happy Trading !!!
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