|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
6082
|
6085
|
|
5 L - AMA
|
6016
|
6010
|
|
5 AMA
|
6055
|
6050
|
|
13 AMA
|
5998
|
5962
|
|
21 AMA
|
6023
|
6017
|
|
34 AMA
|
6090
|
6100
|
|
89 AMA
|
6280
|
6385
|
|
144
AMA
|
6173
|
6125
|
NIFTY BANDS :
SUPPORT : 6000 - 6020
RESISTANCE : 6100 - 6125
Nifty has just been dilly dallying between 6000 and 6100 for the past few trading sessions with no clear direction.
The AMA table however has turned positive with Nifty breaking above the 21AMA and on the verge of piercing through the 34AMA as well. The Big Hurdle for Nifty however remains the lower band of the 144AMA. Only if Nifty manages to stay above it then it may target the upper band of the 144AMA.
Till then the bias remains mildly positive and shorts are to be avoided at this juncture.
Trade as per levels.
Happy Trading !!!
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