NIFTY AMA

NIFTY AMA	RANGE
5 H - AMA	5915	5918
5 L - AMA	5830	5829
5 AMA	5917	5930
13 AMA	5922	5927
21 AMA	5995	6103
34 AMA	5803	5730
89 AMA	5717	5691
144 AMA	5795	5770

NIFTY BANDS :

SUPPORT :          5800 - 5830
RESISTANCE :    5915 - 5930


Nifty having reacted from the 13AMA bounced back off the lows near the previous 5H- AMA. So the market has maintained it's neutral stand ahead of some crucial time ahead in the week. Support is near the confluence of 5L - AMA +144AMA  and resistance is at 5H - AMA + 13AMA. Thus, 5920 - 5930 becomes a critical zone above which Nifty may see a breakout and a close below 5800 will put an end to the uptrend and markets will witness the onset of a fresh downtrend. The week ahead will give us further clues with some important events lined up till mid October.

Trade as per levels.

Happy Trading !!!