NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5521	5520
5 L - AMA	5447	5430
5 AMA	5487	5482
13 AMA	5567	5551
34 AMA	5775	5800
89 AMA	5860	5862
144 AMA	5930	5946

NIFTY BANDS :

SUPPORT :        5480 - 5520
RESISTANCE :  5775 - 5800


Nifty managed to stay in the positive today and reached exactly our resistance zone of previous 5H-AMA. With todays move the 5H-AMA has now come down to 5520 zone which will act as a good support. Nifty closed exactly in the 13AMA band. If Nifty manages to sustain and stay positive in the next trading session then the 13AMA will come down further and act as a cushion for any fall. Above 5570 the next resistance comes in directly in the zone of 5775 - 5800 i.e the 34AMA band.


Trade as per levels. Have a wonderful weekend.

Happy Trading !!!

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 !!!