NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6580	6557
5 L - AMA	6500	6482
5 AMA	6530	6506
13 AMA	6581	6606
21 AMA	6492	6492
34 AMA	6330	6243
89 AMA	6331	6363
144 AMA	6285	6267

NIFTY BANDS :

SUPPORT :         6490 - 6500
RESISTANCE :   6580 - 6600


Nifty is poised precariously. Our sandwich range of the 13 & 21AMA has worked to the hilt and now its decision time for Nifty.

The support of the 21AMA has now shifted to 6490. Thus, if Nifty is to continue with its uptrend then it must pick up momentum and break above the 13AMA. Or else, it will loose it's "Trend" and we will enter Shorts on break below the 21AMA.

 Note that the resistance for Nifty has shifted marginally upwards at the 6580 - 6600 zone and  is not anymore at 6560. Nifty needs to convincingly clear the 13AMA to show any revival.

Nifty will reveal it's cards soon and the AMA table will throw us the clues to be on the right side.


Trade as per levels.

Happy Trading !!!