|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
6105
|
6117
|
|
5 L - AMA
|
6045
|
6070
|
|
5 AMA
|
6039
|
6053
|
|
13 AMA
|
5981
|
5938
|
|
21 AMA
|
6040
|
6050
|
|
34 AMA
|
6110
|
6130
|
|
89 AMA
|
6290
|
6392
|
|
144
AMA
|
6176
|
6125
|
NIFTY BANDS :
SUPPORT : 5940 - 5980
RESISTANCE : 6040 - 6050
Nifty having pierced through 21AMA for a day, found resistance at the 6100 zone and under heavy selling broke below the 21AMA thereby triggering our stop and reversing our trade.
The AMA table shows that resistance comes in again from the 21AMA which is now placed at the 6040 - 6050 band. Only if Nifty is able to convincingly close above the 21AMA then it will halt this downward momentum or one may expect Nifty to fall further.
Tomorrow's closing remains crucial.
Trade as per levels.
Happy Trading !!!
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