|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
6577
|
6573
|
|
5 L - AMA
|
6500
|
6503
|
|
5 AMA
|
6532
|
6518
|
|
13 AMA
|
6565
|
6585
|
|
21 AMA
|
6465
|
6455
|
|
34 AMA
|
6308
|
6220
|
|
89 AMA
|
6323
|
6360
|
|
144
AMA
|
6275
|
6253
|
NIFTY BANDS :
SUPPORT : 6455 - 6465
RESISTANCE : 6565 - 6585
Nifty was in the red for most part of today's trading session and it made an intra low near 6430 from where it bounced back to close in the green.
Look at the support level mentioned in yesterday's post. The zone of the 21AMA placed at 6410 - 6430. WOW !!!! This is how brilliantly the AMA table works on a consistent basis time and again.
The AMA table clearly reflects that Nifty is consolidating between the 13 & 21AMA which he have been mentioning since the past few days. The range for Nifty has now shifted to 6455 - 6585. We will go SHORT only on a breakdown below the 21AMA. Empty till then :)
Trade as per levels.
Happy Trading !!!
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