NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5750	5734
5 L - AMA	5662	5647
5 AMA	5699	5680
13 AMA	5889	5930
34 AMA	5870	5815
89 AMA	5900	5868
144 AMA	5972	5991

NIFTY BANDS :

SUPPORT :          5650 - 5700
RESISTANCE :   5815 - 5870


Nifty showed some bounce back from the lows today and held above the 5700 mark. The bounce though remains only a relief bounce. Resistance now comes in near 5800 levels. Any rise should be used to exit longs or create shorts with an appropriate sl. The broad support and resistance levels are shown. The lower band of 34AMA at 5815 remains a stiff resistance.


Trade as per levels.


Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5838	5816
5 L - AMA	5737	5713
5 AMA	5739	5715
13 AMA	5942	5986
34 AMA	5880	5815
89 AMA	5901	5866
144 AMA	5977	5998

NIFTY BANDS :

SUPPORT :       5710 - 5740
RESISTANCE : 5815 - 5840


Nifty is in a relentless downtrend. The 5L - AMA & 5 AMA band now in come in as support near sub 5700. We mentioned yesterday that market may witness two way moves with increased volatility. After breaking down the support at 5800 market fell further towards 5750. If Nifty manages to hold onto 5700 then we can see a brief halt in the strong downward momentum. However, the downward momentum should continue post the brief pause. The 34 & 89 AMA have now become strong resistances.

Trade as per levels.


Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5896	5884
5 L - AMA	5813	5789
5 AMA	5819	5797
13 AMA	5998	6042
34 AMA	5885	5806
89 AMA	5903	5863
144 AMA	5982	6004

NIFTY BANDS :

SUPPORT :        5790 - 5820
RESISTANCE :  5863 - 5885


Nifty is in a strong downtrend. However, the 5 AMA & the 5L - AMA have now come in as support near the 5800 level. Therefore we may expect Nifty to take support near current levels and show a bounce if it sustains the support band. Resistance now comes in the 5860 - 5880 zone & above which we have the critical 5980 level to contend with.

Market may witness two way moves with increased volatility. Trade as per levels with strict sl


Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5896	5884
5 L - AMA	5813	5789
5 AMA	5819	5797
13 AMA	5998	6042
34 AMA	5885	5806
89 AMA	5903	5863
144 AMA	5982	6004

NIFTY BANDS :

SUPPORT :        5790 - 5820
RESISTANCE :  5863 - 5885


Nifty is in a strong downtrend. However, the 5 AMA & the 5L - AMA have now come in as support near the 5800 level. Therefore we may expect Nifty to take support near current levels and show a bounce if it sustains the support band. Resistance now comes in the 5860 - 5880 zone & above which we have the critical 5980 level to contend with.

Market may witness two way moves with increased volatility. Trade as per levels with strict sl


Happy Trading !!!