NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6715	6723
5 L - AMA	6656	6663
5 AMA	6701	6708
13 AMA	6666	6658
21 AMA	6670	6713
34 AMA	6535	6490
89 AMA	6412	6418
144 AMA	6380	6385

NIFTY BANDS :

SUPPORT :         6660 - 6670
RESISTANCE :   6710 - 6725


Nifty has surprisingly closed above the 13AMA and also above the lower band of the 21AMA. However, it has failed to close above the upper band of the 21AMA which is now at the 6713 mark.

The key thing here is to admit that we made an error and there is no shame in accepting a trade gone kaput. Although technically our short is still alive but Nifty moving up almost a 100 points from our average short level of 6600 and nearly closing above the key band of the 13 & 21AMA is a trade gone awry.

Nifty has been stretching it's limit for the past few trading sessions and it's quite clearly visible in the price action knocking repeatedly at the upper band of the 21AMA. However, we now need a confirmation and trigger to trade. If Nifty closes below the key band of the 13 & 21 AMA for the second time then that would signal a High probability reversal and a trigger to go Short. The stop would obviously be the any one of the bands. So in that way the stop would be very small and the rewards can be BIG. So now we have to wait patiently for our trigger.

Till then Nifty may continue to march upwards till it pleases so. 1st April is a RBI Policy day and some volatility is expected. Keep these crucial levels handy and plan the trade accordingly.



Trade as per levels.

Happy Trading !!!












 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6625	6623
5 L - AMA	6575	6570
5 AMA	6615	6617
13 AMA	6633	6655
21 AMA	6618	6660
34 AMA	6476	6420
89 AMA	6390	6401
144 AMA	6352	6353

NIFTY BANDS :

SUPPORT :         6570 - 6575
RESISTANCE :   6620 - 6655


Nifty rallied right into our resistance band of the 13 & 21AMA as mentioned in yesterday's post and got sold off to close at 6600. Brilliant !!!

With today's price action the short term 5AMA's have aligned perfectly. Nifty has closed below the 5H & 5AMA indicating some short term weakness. Also, The 5L-AMA comes in at the 6570 - 6575 band which happens to be the zone where Nifty took resistance previously before breaking out above it. As per the Principle of Polarity, that resistance should now become an important support. Breaking below the 5L-AMA will dampen the positive momentum built up till now and make way to head lower.

We have been shorting on every Rise and our average is roughly near 6580. Our stop has moved further away towards the 6660 zone. One may tweak their stop and lower it to the 13AMA as per one's risk preference as the stop is wide currently.

However, one thing is certain. This is not the stage to go long. Definitely not. Filter out the noise of 7000+ and do not get roped in. Do not be gullible. The AMA table has been cautioning & indicating inherent weakness for the past few days and a probable reversal might be on the cards especially with today's failure to break above the 13 & 21AMA. Use the AMA system to your advantage and you will surely benefit.

For now its SELL on Every Rise till the 21AMA is taken out.



Trade as per levels.

Happy Trading !!!












 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6585	6575
5 L - AMA	6532	6523
5 AMA	6578	6565
13 AMA	6630	6666
21 AMA	6597	6636
34 AMA	6450	6387
89 AMA	6380	6396
144 AMA	6340	6337

NIFTY BANDS :

SUPPORT :         6565 - 6575
RESISTANCE :   6600 - 6630


Nifty has rallied towards it's all time highs near 6600 but yet the AMA table is not indicating any positive momentum. On the contrary Nifty is inching up to stay just below the 21AMA. This is not a good indication and shows inherent weakness in this leg up from 6500.

The AMA table shows key resistance levels in the zone of 6600 - 6630. Until Nifty manages to clear this band convincingly we will not even think about going long especially with Nifty making new highs and yet knocking and probing the resistance band of 21AMA without breaking above it.

We had advised a SELL on Rise in our last post and we maintain that stand. Short every rally with a stop at 6636 which is the upper band of the 21AMA. (The upper band level will keep changing with each trading session and so will our stop)

Markets are at a juncture where small time traders will become investors on a sudden reversal. Be cautious.


Trade as per levels.

Happy Trading !!!






 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6537	6535
5 L - AMA	6505	6506
5 AMA	6503	6501
13 AMA	6600	6645
21 AMA	6545	6573
34 AMA	6393	6317
89 AMA	6356	6380
144 AMA	6318	6310

NIFTY BANDS :

SUPPORT :         6380 - 6390
RESISTANCE :   6545 - 6575


Nifty spent the entire day in a very tight range in today's trading session. As we mentioned yesterday our Short Signal has been triggered and we will Sell into any Rise in this market.

The stop for these shorts can be aligned as per one's risk taking to either the 21 or 13AMA. The 13AMA is a bit far off near 6600 - 6640 zone. Therefore, one may adopt an aggressive or conservative stance as per one's risk taking capability.

The support comes in at the 6380 - 6390 zone below which Nifty may crack wide open. Be careful with any longs. This is not the time to be buying. The AMA table is hinting that the trend has reversed and being on the wrong side of the market is not a wise idea.

We are Short at 6500+ and on any rise.



Trade as per levels.

Happy Trading !!!















 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6542	6528
5 L - AMA	6495	6478
5 AMA	6511	6505
13 AMA	6600	6640
21 AMA	6532	6552
34 AMA	6375	6293
89 AMA	6348	6375
144 AMA	6307	6296

NIFTY BANDS :

SUPPORT :         6350 - 6375
RESISTANCE :   6530 - 6550


Nifty got sold into post the Fed meet and thereby triggered our SHORT after a break below the 21AMA. Although tomorrow remains crucial and Nifty should give one more closing below the 21AMA. Our Short has however been triggered and we will Sell into Rises till the 13AMA is not crossed.

Support comes in now at the crucial 6350 zone below which Nifty will crack wide open. The trend has reversed or is in the process of doing so. Be careful with longs now, any of you who may believe this to be the onset of a Bull Market. The AMA table is hinting otherwise with a loss of momentum in Nifty and reverse of trend taking place.

For Now,
SELL ON RISES.


Trade as per levels,
Happy Trading !!!











 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6580	6557
5 L - AMA	6500	6482
5 AMA	6530	6506
13 AMA	6581	6606
21 AMA	6492	6492
34 AMA	6330	6243
89 AMA	6331	6363
144 AMA	6285	6267

NIFTY BANDS :

SUPPORT :         6490 - 6500
RESISTANCE :   6580 - 6600


Nifty is poised precariously. Our sandwich range of the 13 & 21AMA has worked to the hilt and now its decision time for Nifty.

The support of the 21AMA has now shifted to 6490. Thus, if Nifty is to continue with its uptrend then it must pick up momentum and break above the 13AMA. Or else, it will loose it's "Trend" and we will enter Shorts on break below the 21AMA.

 Note that the resistance for Nifty has shifted marginally upwards at the 6580 - 6600 zone and  is not anymore at 6560. Nifty needs to convincingly clear the 13AMA to show any revival.

Nifty will reveal it's cards soon and the AMA table will throw us the clues to be on the right side.


Trade as per levels.

Happy Trading !!!









 

NIFTY AMA

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 !!!