NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	7377	7398
5 L - AMA	7275	7270
5 AMA	7300	7302
13 AMA	7440	7515
21 AMA	7340	7310
34 AMA	7255	7215
89 AMA	6962	6855
144 AMA	6830	6800

NIFTY BANDS :

SUPPORT :         7200 - 7215
RESISTANCE :   7310 - 7340


Nifty carrying the negative bias gave us the required confirmation by not picking up momentum within the required timeframe and cracking below the 21AMA.

This is the beauty of the AMA table where one can extract price & time points thus giving one an absolute edge. We are Short on Nifty and will sell on rises. The stop remains at the 21AMA. Nifty will target the 144AMA on the downside and a break below it will open up huge downsides.

A solitary support exists at 7215 from where Nifty may attempt to bounce. However, below that is all the way down towards the 89 & 144 AMA.



Trade as per levels
Happy Trading !!!












 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	7452	7440
5 L - AMA	7320	7315
5 AMA	7383	7380
13 AMA	7450	7520
21 AMA	7285	7225
34 AMA	7215	7175
89 AMA	6925	6822
144 AMA	6803	6775

NIFTY BANDS :

SUPPORT :         7270 - 7285
RESISTANCE :   7380 - 7450


Nifty having reached the Election top at 7500 got sold off sharply amidst a heavily volatile day. Bulls will call this shake-out while Bears would like to call it as a double top with faster retracement of the previous rise. So what should one do??

Here the AMA table shows its brilliance. As one can see with the sharp sell off, Nifty closed below the 13AMA but it took support at the 21AMA near the 7270 zone. So Nifty is sandwiched between these 2 AMA's. However, Nifty is carrying a negative bias as it has closed below the 13AMA. A close below the 21AMA will give the required confirmation and trigger to go short.

Till then Nifty may dilly dally between these 2AMA's before giving the signal to it's future direction.

We would prefer going short if the momentum does not return in 2 trading sessions as that would auto push Nifty below the 21AMA which is in rising mode.

Markets are at a crucial juncture. Stay alert.



Trade as per levels.

Happy Trading !!!










 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	7347	7310
5 L - AMA	7318	7311
5 AMA	7340	7340
13 AMA	7305	7304
21 AMA	7165	7094
34 AMA	7125	7108
89 AMA	6855	6760
144 AMA	6755	6738

NIFTY BANDS :

SUPPORT :         7125 - 7165
RESISTANCE :   7305 - 7320


Although Nifty bounced off the support band as mentioned in our previous post, however the momentum was lacking by the end of the trading session where Nifty lost some ground and closed below the 7300 level.


Thus, tomorrow's closing becomes absolutely crucial as not only will it give us a clue to Nifty's intentions but also be a weekly closing. Notice, that the 13AMA has jumped above the Nifty as it failed to build up on the required momentum. Therefore, the longs have to be booked out and if Nifty continues to show weakness then one may go in for aggressive shorts as well with the 13AMA as the stop.


Tomorrow remains an important day to decide Nifty's course ahead.


Trade as per levels.

Happy Trading !!!














 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	7452	7495
5 L - AMA	7300	7290
5 AMA	7345	7345
13 AMA	7255	7233
21 AMA	7130	7060
34 AMA	7099	7090
89 AMA	6830	6740
144 AMA	6740	6727

NIFTY BANDS :

SUPPORT :         7230 - 7255
RESISTANCE :   7345 - 7450


Nifty is yet in consolidation mode after the election peak of 7500. However, with this consumption of time the AMA's have done some catching up and the crucial 13 & 21AMA are within striking distance.

Nifty has closed right at the support of the 13AMA today. So tomorrow becomes a crucial and decider day for Nifty. If Nifty has to continue with it's bullish rally then it has to be now or else it will fall below the 13AMA. Therefore, either Nifty stages a good bounce tomorrow or any unwarranted signs of weakness might throw in the opportunity to go in for aggressive shorts.

If the latter happens and Nifty does loose momentum then it may be an early cautionary signal of the markets changing gears silently while the attention is drawn towards flying midcap and smallcap stocks. Whatever the path, we will follow.


Trade as per AMA levels.

Happy Trading !!!















 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	7470	7483
5 L - AMA	7265	7285
5 AMA	7315	7310
13 AMA	7130	7075
21 AMA	7045	6987
34 AMA	7037	7050
89 AMA	6785	6700
144 AMA	6710	6705

NIFTY BANDS :

SUPPORT :         7075 - 7130
RESISTANCE :   7310 - 7470


In our last post we had clearly mentioned about the range contraction in Nifty and break on any side would be the clue to Nifty's direction. Nifty moved spot on after having taken out our trigger and moved a massive 800 points from our break out range !!! That's the sheer brilliance of the AMA table.


As of now, Nifty having made a big move is consolidating and is currently trading below all the short term 5AMA's due to the massive profit booking post the election result. However, the 13 & 34AMA have climbed up and now sit tight in the 7050 - 7150 range. This range therefore becomes absolutely critical for Nifty to hold onto in order to continue with it's upward momentum. Therefore, a break below this support range will turn our bias and we will switch to shorts whose target will be the 89 & 144AMA from where Nifty staged the massive 800 point rally.


One can part book the longs and trail the rest with our mentioned support area as the SAR.


Trade as per AMA levels

Happy Trading !!!















 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6688	6692
5 L - AMA	6636	6646
5 AMA	6652	6661
13 AMA	6710	6718
21 AMA	6778	6795
34 AMA	6847	6917
89 AMA	6660	6601
144 AMA	6615	6625

NIFTY BANDS :

SUPPORT :         6650 - 6660
RESISTANCE :   6700 - 6710


Nifty reacted from our resistance level of the 13AMA and reached the support band of the 89AMA as mentioned earlier. Nifty has respected our support and resistance levels to the mark and that's the brilliance of the AMA levels.

For now the range is still intact and tomorrow's closing will be the most crucial before going into the "Election Event" next week. The AMA table shows that the critical range has contracted to 6650 - 6700, a mere 50 point band and what Nifty does tomorrow will be very crucial. It will in most probability be the decider for it's movement going into the event next week. The trailing stop for our shorts will now be 6700 on closing basis and will protect our profits from the Shorts of 6850+

Tomorrow crucial. Also a weekly close on the index.  So be alert.


Trade as per AMA levels.

Happy Trading !!!















 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6722	6712
5 L - AMA	6665	6647
5 AMA	6682	6670
13 AMA	6745	6745
21 AMA	6813	6833
34 AMA	6860	6930
89 AMA	6652	6593
144 AMA	6602	6612

NIFTY BANDS :

SUPPORT :         6610 - 6650
RESISTANCE :   6745 - 6800


Nifty continues with it's choppy moves and passes another session awaiting the event.


The range for Nifty continues where support is at the 89AMA and resistance at the 13AMA. A break of this range before the "Event" can give us possible clues to the direction that the market may take.

As of now, both the ways are open although with a negative bias until Nifty manages to break and close above the 13AMA. Nifty again made a high near the 13AMA in today's session but did not manage to break past it. Hence, tomorrow's price action becomes critical and it will be crucial to see whether Nifty can take out the 13AMA on a closing basis. The 13AMA remains our line in the sand and stop for our shorts.


Thus the critical range for Nifty is 6650 & 6750.


Trade as per levels.

Happy Trading !!!