NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5562	5574
5 L - AMA	5467	5465
5 AMA	5490	5499
13 AMA	5617	5622
34 AMA	5790	5800
89 AMA	5867	5863
144 AMA	5937	5955

NIFTY BANDS :

SUPPORT 1 :        5465 - 5467
SUPPORT 2 :        5490 - 5500
RESISTANCE 1 :  5562 - 5574
RESISTANCE 2 :  5617 - 5622


Nifty is to remain rangebound between the support and resistance bands.  Support comes in from the 5L - AMA and the 5AMA whereas resistance now comes in from the 5H-AMA and the 13AMA. The 13AMA is fast moving downwards towards Nifty. Any closing above the 5H-AMA & the 13AMA will bring momentum on the upside and halt the downward momentum in Nifty.


Trade as per levels.

Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5654	5667
5 L - AMA	5528	5509
5 AMA	5553	5567
13 AMA	5683	5699
34 AMA	5810	5803
89 AMA	5877	5867
144 AMA	5946	5963

NIFTY BANDS :

SUPPORT :            5510 - 5530
RESISTANCE 1 :   5553 - 5567
RESISTANCE 2 :   5654 - 5667


Nifty witnessed massive selling today and fell intra towards 5500. However, after such a massive fall the 5L - AMA is yet at 5510 - 5530. Holding the same one may witness a bounce back. Only on a break below 5510 some strong selling may come in. Clearing the 5AMA at 5570, Nifty may aim towards 5H-AMA. There is alot of inter market divergence. So trade carefully.

Trade as per levels.

Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5713	5698
5 L - AMA	5585	5650
5 AMA	5634	5623
13 AMA	5799	5834
34 AMA	5843	5810
89 AMA	5890	5870
144 AMA	5960	5978

NIFTY BANDS :

SUPPORT :           5620 - 5650
RESISTANCE 1:   5700 - 5715
RESISTANCE 2:   5800 - 5835


Nifty failed to stay positive and ended the week on a weak note. The 5L - AMA and 5AMA averages have now shifted towards the critical 5600 - 5620 band. Resistance now comes in at 5700+ and above that at 5800. Sell at resistance and buy at supports. Markets are rewarding both ways. Bear markets are always characterized by equally fierce rallies.

Trade as per levels.


Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5736	5713
5 L - AMA	5620	5601
5 AMA	5670	5650
13 AMA	5847	5886
34 AMA	5857	5812
89 AMA	5896	5870
144 AMA	5967	5985

NIFTY BANDS :

SUPPORT :       5650 - 5670
RESISTANCE : 5850 - 5870


Nifty managed to hold onto the crucial 5700 for the 2nd day. After showing a bounce and reaching near our resistance level of 34AMA, Nifty sold off intra but managed to close above the 5700 support. Now seeing the AMA table one can observe that the 5L - AMA has dropped all the way to 5600. So if the market has to catch some pace on the downside then the 5600 mark needs to be broken. That seems less of a probability for tommorow and therefore Nifty may be expected to remain range bound for some more time. The 5AMA support comes in at 5650 - 5670 and the resistance comes in at 5812, above which we have a cluster of resistance in the zone of 5850 - 5870. So a bounce in Nifty above 5812 can be expected to reach at the most till the crucial resistance band of 5850 - 5870.


Trade as per levels.

Happy Trading !!!