NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6217	6213
5 L - AMA	6170	6166
5 AMA	6205	6195
13 AMA	6139	6140
21 AMA	6061	6005
34 AMA	6105	6096
89 AMA	6266	6360
144 AMA	6180	6138

NIFTY BANDS :

SUPPORT :         6140 - 6180
RESISTANCE :   6266 - 6360


Nifty on expected lines has been moving up slowly and steadily in line with our positive bias. However, the momentum has been pretty tepid to say the least.

The AMA table shows that the outlook remains positive and Nifty is compressed between 2 important AMA's i.e. the 89 & 144AMA. The support for Nifty comes from the upper band of the 144AMA which lies at 6180 and the resistance comes from the lower band of the 89AMA placed at 6266. So a break on either side will help Nifty to regain momentum and give it further direction.

Till then trade with a positive bias.


Trade as per levels.
Happy Trading !!!