|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
7370
|
7335
|
|
5 L - AMA
|
7255
|
7215
|
|
5 AMA
|
7357
|
7320
|
|
13 AMA
|
7447
|
7495
|
|
21 AMA
|
7430
|
7447
|
|
34 AMA
|
7317
|
7270
|
|
89 AMA
|
7020
|
6910
|
|
144
AMA
|
6875
|
6830
|
NIFTY BANDS :
SUPPORT : 7270 - 7320
RESISTANCE : 7430 - 7450
Nifty though showing signs of momentum is failing to convincingly close above the resistances of 13 & 21AMA. It is yet range bound between the crucial 21 & 34AMA.
The coming few days are going to be crucial for the markets and things will become clearer by the end of this week. The resistance and support band are clearly mentioned. Break of either will help Nifty gain momentum. The bias however, remains negative for now.
Trade as per levels.
Happy Trading !!!
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