|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
6343
|
6344
|
|
5 L - AMA
|
6313
|
6310
|
|
5 AMA
|
6320
|
6319
|
|
13 AMA
|
6292
|
6265
|
|
21 AMA
|
6310
|
6330
|
|
34 AMA
|
6283
|
6247
|
|
89 AMA
|
6235
|
6210
|
|
144
AMA
|
6095
|
5995
|
NIFTY BANDS :
SUPPORT : 6265 - 6290
RESISTANCE : 6310 - 6345
Nifty has been moving in a very narrow range for the past few trading sessions. Nifty has been resisting at the 21AMA band and holding on to it's 13AMA. Now what can be noticed is that the 13 as well as the 89 AMA have climbed higher and this makes the 6210 - 6235 band very crucial.
A break below the 13AMA will be an early cautionary signal and a break above the 21AMA will help the Nifty to gather some much needed momentum.
If Nifty needs to sustain above it's crucial AMA's then it needs to move soon as the 13AMA has already climbed to the 6290 zone which is very close to Nifty's closing today. Therefore, any momentum if at all should come soon.
Trade as per levels.
Happy Trading !!!
No comments:
Post a Comment