NIFTY AMA

NIFTY AMA - PART II.

The table below shows the AMA values for Nifty.

(Please Note : -

5 H - AMA = 5 day high AMA

5 L - AMA = 5 day low AMA)

Now, each AMA gives out a value band rather than an absolute value. This comes handy when trading and to manage the whipsaws. The table below is the NIFTY AMA table for today. This table gets updated on eod basis and gives out the dynamic range for Nifty for the next trading day helping us to understand the specific demand and supply zones and to help us manage our trades.

For example : Picking from the table below the zone of 5980 - 5998 and above that 6052 - 6061 becomes very important since we have several points converging there.

NIFTY AMA	RANGE
5 H- AMA	6061	6084
5 L- AMA	5966	5998
5 AMA	5980	6004
13 AMA	6057	6059
34 AMA	6138	6193
89 AMA	5957	5900
144 AMA	6052	6120

Happy Trading !!!