NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5936	5907
5 L - AMA	5868	5840
5 AMA	5905	5865
13 AMA	5913	5948
21 AMA	5707	5633
34 AMA	5567	5457
89 AMA	5695	5733
144 AMA	5770	5763

NIFTY BANDS :

SUPPORT :         5760 - 5770
RESISTANCE :   5910 - 5950


Nifty managed to break out of the narrow trading range it has been witnessing from the past few trading sessions and closed at 5900.  The make or break support for Nifty remains at 5760 - 5770. A break below this support would signal end to this rally and start of a fresh downward leg.  Resistance remains at 5950.

A positive Q.E announcement may push Nifty past the resistance band towards 6000 - 6050 zone.
Please note that the 13AMA band has risen above towards the 5950 zone and Nifty needs to keep up pace or else market may go into some range bound trading with a negative bias.


Trade as per levels.

Happy Trading !!!





 

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5952	5945
5 L - AMA	5873	5864
5 AMA	5890	5860
13 AMA	5875	5897
21 AMA	5660	5575
34 AMA	5540	5440
89 AMA	5690	5735
144 AMA	5768	5764

NIFTY BANDS :

SUPPORT :         5765 - 5770
RESISTANCE :   5945 - 5952


Nifty moved in a tight range today ahead of the crucial FOMC meet where the quantum of Q.E tapering will be discussed. Now, the table is perfectly aligned to reflect the crucial juncture that the market is at. Two important events are ahead of us.
The Q.E tapering & The RBI Policy on this Friday.

The 13AMA has slightly moved above the Nifty. If the outcome is positive then Nifty may rally sharply above the 13AMA and break the recent high of 5957 which is above the 5H-AMA band placed at 5945 - 5952. That may give Nifty further momentum and propel it towards 6000+.
A negative outcome however may push the Nifty towards the crucial 5760 - 5770 zone. A break below this 144AMA band will signal an end of this rally and start of a fresh downtrend.
Keep your eyes open. Its a crucial week.


Trade as per levels.

Happy Trading !!!



 

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	6038	6075
5 L - AMA	5923	5958
5 AMA	6007	6065
13 AMA	5710	5666
21 AMA	5545	5447
34 AMA	5485	5425
89 AMA	5688	5747
144 AMA	5766	5770

NIFTY BANDS :

SUPPORT :         5765 - 5770
RESISTANCE :   5920 - 5960


Nifty fell after reaching the crucial 5930 in todays session. As mentioned yesterday that Nifty might witness a fall because the 5AMA was above the 5H - AMA,  & boooooom a 100 points blasttt was seen in Nifty. That has however corrected and the 5H - AMA is now above the 5AMA.
Support now comes in at the 5760 - 70 band and resistance is at 5L - AMA which is at 5925 - 5960.
The 13AMA is rising fast and catching up on the Nifty. Watch out.

Trade as per levels.

Happy Trading !!!




 

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5976	5987
5 L - AMA	5878	5902
5 AMA	5988	6015
13 AMA	5655	5605
21 AMA	5505	5415
34 AMA	5470	5425
89 AMA	5690	5751
144 AMA	5765	5770

NIFTY BANDS :

SUPPORT :         5765 - 5770
RESISTANCE :   5975 - 6015


Nifty after having rallied a lightning 800 points has come within throwing distance of the resistance band of 5970 - 5980 and the crucial 6050 - 6060 band.
The table clearly shows the resistance in the 5970 - 6000 range, with the 5AMA & the 5H - AMA converging in that zone. It is interesting to note however, that the 5AMA is higher than the 5H - AMA band which signals that the market is due for a correction soon.


Trade as per levels.

Happy Trading !!!

 

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5611	5640
5 L - AMA	5490	5510
5 AMA	5540	5545
13 AMA	5393	5360
21 AMA	5345	5280
34 AMA	5420	5443
89 AMA	5690	5760
144 AMA	5765	5777

NIFTY BANDS :

SUPPORT :         5420 - 5443
RESISTANCE :   5690 - 5760


Nifty managed to cross the 34AMA band and staged a decisive breakout with the BankNifty surging a massive 10% in a single trading session. Nifty will now find support at the 34AMA band and the resistance being the 89AMA band. So buy at support and sell at resistance. This market will remain range bound and is in the process of correcting the entire fall. Breaking the 34AMA will signal the start of the next leg down in the markets.

Trade as per levels.

Happy Trading !!!





 

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5554	5598
5 L - AMA	5385	5433
5 AMA	5467	5506
13 AMA	5340	5310
21 AMA	5315	5254
34 AMA	5420	5465
89 AMA	5690	5770
144 AMA	5770	5783

NIFTY BANDS :

SUPPORT :         5385 - 5430
RESISTANCE :   5470 - 5506

Nifty managed to stage a nice bounce today exactly from the support as shown in the AMA table.
Tomorrows session remains crucial as Nifty has manage to close in between the 34AMA band. If Nifty stays positive in tomorrows trading session then one may attempt longs for the 89AMA band as the lower bands will become supports.  However, not sustaining the 34AMA band will open up further downsides.


Trade as per levels.


Happy Trading !!!

 

NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5590	5602
5 L - AMA	5411	5440
5 AMA	5460	5503
13 AMA	5320	5285
21 AMA	5316	5256
34 AMA	5438	5490
89 AMA	5700	5780
144 AMA	5777	5790

NIFTY BANDS :

SUPPORT :           5250 - 5320
RESISTANCE :    5440 - 5490


Nifty fell by more than 200 points and formed a huge bearish engulfing on the daily charts. The average true range of has expanded considerably due to the rise in VIX.
Nifty got resisted at its previous low of 5565 made during the fall from 6200 odd levels. This proved to be a crucial number and led to massive selling in the index on fears of a ratings downgrade and a probable attack on Syria by the US.

These are highly volatile times. The trend is clearly down. Support exists in the 5250 - 5320 range which is pretty close to the current closing of Nifty. Hence, a temporary bounce may materialise which can be used to sell with the 34AMA band as the closing stop loss.

2 consecutive closing above the 34AMA band will signal change in the trend and pause the strong momentum on downside.

Trade as per levels.



Happy Trading !!!