|
NIFTY AMA
|
RANGE
|
|
|
5 H – AMA
|
7868
|
7880
|
|
5 L - AMA
|
7818
|
7832
|
|
5 AMA
|
7865
|
7870
|
|
13 AMA
|
7705
|
7645
|
|
21 AMA
|
7732
|
7710
|
|
34 AMA
|
7795
|
7815
|
|
89 AMA
|
7755
|
7783
|
|
144
AMA
|
7462
|
7380
|
NIFTY BANDS :
SUPPORT : 7795 - 7815
RESISTANCE : 7865 - 7880
Nifty in line with our positive view maintained and kept it's trend intact. All Time Highs !!!
With today's move one can see that Nifty has moved into unchartered territory. If Nifty managed to hold onto the support zone of 7795 - 7815 then we can witness making some good run on the upside.
There is mild resistance in the 7865 - 7880 zone from where some profit booking may emerge especially after 8days of gains.
One should completely avoid shorts for now. Until Nifty shows some weakness and gives us confirmation by breaking below some important support zone one should be long in this market or avoid it if one is not comfortable creating longs at all time highs. For now, carry longs and ride the trend till stopped out.
Trade as per levels.
Happy Trading !!!
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