NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6343	6344
5 L - AMA	6313	6310
5 AMA	6320	6319
13 AMA	6292	6265
21 AMA	6310	6330
34 AMA	6283	6247
89 AMA	6235	6210
144 AMA	6095	5995

NIFTY BANDS :

SUPPORT :        6265 - 6290
RESISTANCE :  6310 - 6345


Nifty has been moving in a very narrow range for the past few trading sessions. Nifty has been resisting at the 21AMA band and holding on to it's 13AMA. Now what can be noticed is that the 13 as well as the 89 AMA have climbed higher and this makes the 6210 - 6235 band very crucial.
A break below the 13AMA will be an early cautionary signal and a break above the 21AMA will help the Nifty to gather some much needed momentum.

If Nifty needs to sustain above it's crucial AMA's then it needs to move soon as the 13AMA has already climbed to the 6290 zone which is very close to Nifty's closing today. Therefore, any momentum if at all should come soon.


Trade as per levels.

Happy Trading !!!










 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6345	6342
5 L - AMA	6305	6317
5 AMA	6315	6315
13 AMA	6267	6235
21 AMA	6300	6325
34 AMA	6260	6218
89 AMA	6208	6170
144 AMA	6084	5985

NIFTY BANDS :

SUPPORT :         6260 - 6270
RESISTANCE :   6305 - 6325


Nifty has been moving around randomly confusing traders with it's two way moves. The AMA table makes things clearer and easier for us in such a market scenario. The support is clearly at the 6260 - 6270 zone breaking which the trend can reverse and change gears. Resistance comes in at the 6305 - 6325 band only above which some more upside may be expected. As of now Nifty is sandwiched between the 21 & 13 AMA with no clear trend.

One may expect some more random moves as Nifty undergoes time correction before clearly showing it's Future Roadmap. Till then stay neutral. Wait for price confirmation to initiate trade in direction of Trend.


Trade as per levels.

Happy Trading !!!











 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6325	6350
5 L - AMA	6262	6273
5 AMA	6288	6305
13 AMA	6262	6275
21 AMA	6270	6281
34 AMA	6237	6200
89 AMA	6172	6115
144 AMA	6070	5976

NIFTY BANDS :

SUPPORT :        6240 - 6260
RESISTANCE :  6325 - 6350

Nifty is finding it difficult to cross the 6310 - 6320 zone and in the process of time correction, it has now reached a critical juncture. Nifty's low today coincides with the lower band of 5L-AMA & 13AMA. Therefore, it is extremely crucial that Nifty hold onto the 6260 level if it needs to continue with the rally.

A close below the 13AMA will call for building up aggressive shorts as Nifty has already closed below the 21AMA. The break of 34AMA will confirm the change in trend. So keep a watch on Nifty as the next session is also expiry for December and the year 2013.

6240 - 6260 remains a crucial band. Long above it, Short below it.


Trade as per levels.

Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6325	6350
5 L - AMA	6262	6273
5 AMA	6288	6305
13 AMA	6262	6275
21 AMA	6270	6281
34 AMA	6237	6200
89 AMA	6172	6115
144 AMA	6070	5976

NIFTY BANDS :

SUPPORT :        6240 - 6260
RESISTANCE :  6325 - 6350

Nifty is finding it difficult to cross the 6310 - 6320 zone and in the process of time correction, it has now reached a critical juncture. Nifty's low today coincides with the lower band of 5L-AMA & 13AMA. Therefore, it is extremely crucial that Nifty hold onto the 6260 level if it needs to continue with the rally.

A close below the 13AMA will call for building up aggressive shorts as Nifty has already closed below the 21AMA. The break of 34AMA will confirm the change in trend. So keep a watch on Nifty as the next session is also expiry for December and the year 2013.

6240 - 6260 remains a crucial band. Long above it, Short below it.


Trade as per levels.

Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6325	6350
5 L - AMA	6262	6273
5 AMA	6288	6305
13 AMA	6262	6275
21 AMA	6270	6281
34 AMA	6237	6200
89 AMA	6172	6115
144 AMA	6070	5976

NIFTY BANDS :

SUPPORT :        6240 - 6260
RESISTANCE :  6325 - 6350

Nifty is finding it difficult to cross the 6310 - 6320 zone and in the process of time correction, it has now reached a critical juncture. Nifty's low today coincides with the lower band of 5L-AMA & 13AMA. Therefore, it is extremely crucial that Nifty hold onto the 6260 level if it needs to continue with the rally.

A close below the 13AMA will call for building up aggressive shorts as Nifty has already closed below the 21AMA. The break of 34AMA will confirm the change in trend. So keep a watch on Nifty as the next session is also expiry for December and the year 2013.

6240 - 6260 remains a crucial band. Long above it, Short below it.


Trade as per levels.

Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6325	6350
5 L - AMA	6262	6273
5 AMA	6288	6305
13 AMA	6262	6275
21 AMA	6270	6281
34 AMA	6237	6200
89 AMA	6172	6115
144 AMA	6070	5976

NIFTY BANDS :

SUPPORT :        6240 - 6260
RESISTANCE :  6325 - 6350

Nifty is finding it difficult to cross the 6310 - 6320 zone and in the process of time correction, it has now reached a critical juncture. Nifty's low today coincides with the lower band of 5L-AMA & 13AMA. Therefore, it is extremely crucial that Nifty hold onto the 6260 level if it needs to continue with the rally.

A close below the 13AMA will call for building up aggressive shorts as Nifty has already closed below the 21AMA. The break of 34AMA will confirm the change in trend. So keep a watch on Nifty as the next session is also expiry for December and the year 2013.

6240 - 6260 remains a crucial band. Long above it, Short below it.


Trade as per levels.

Happy Trading !!!

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6325	6350
5 L - AMA	6262	6273
5 AMA	6288	6305
13 AMA	6262	6275
21 AMA	6270	6281
34 AMA	6237	6200
89 AMA	6172	6115
144 AMA	6070	5976

NIFTY BANDS :

SUPPORT :        6240 - 6260
RESISTANCE :  6325 - 6350

Nifty is finding it difficult to cross the 6310 - 6320 zone and in the process of time correction, it has now reached a critical juncture. Nifty's low today coincides with the lower band of 5L-AMA & 13AMA. Therefore, it is extremely crucial that Nifty hold onto the 6260 level if it needs to continue with the rally.

A close below the 13AMA will call for building up aggressive shorts as Nifty has already closed below the 21AMA. The break of 34AMA will confirm the change in trend. So keep a watch on Nifty as the next session is also expiry for December and the year 2013.

6240 - 6260 remains a crucial band. Long above it, Short below it.


Trade as per levels.

Happy Trading !!!