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 !!!