NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6403	6395
5 L - AMA	6332	6318
5 AMA	6390	6375
13 AMA	6330	6340
21 AMA	6230	6186
34 AMA	6167	6120
89 AMA	6278	6350
144 AMA	6215	6185

NIFTY BANDS :

SUPPORT :         6330 - 6350
RESISTANCE :       NIL


We mentioned in our previous post that Nifty has to break out above the wall of 6350 in a couple of days at the most if it wants to maintain it's bullish run. BANG ON !!!

Nifty broke above the crucial resistance band of 6350 and picked up momentum just as anticipated and in the required time frame. This is the power and brilliance of the AMA table !!!

The crucial level now is the upper band of the 89AMA which was the last standing frontier at 6350. Only if Nifty manages to break below this critical level on eod basis then we will go Short. Otherwise, we continue to ride this trend upwards in it's full blossom. So don't even think of going short unless the confirmation is provided by the AMA table.

The beauty of the AMA table lies in capturing the trend and riding it till the very end.
Who is interested in only making mindless predictions with no results?? Who is interested in pointing out super precise levels of tops and bottoms??? Who the hell cares whether Nifty goes to 6600 or 5600.

The whole idea is to be on the Right side of the market and make the most of the underlying trend. This is what the AMA table specialises in and has been consistently doing time and again.

Most of our followers were on the right side of the market contrary to 99% of the consensus and reaped in the goodies. Long from 6050. That's a cool 350 points and counting ;)

Take a Bow !!!


Till then Enjoy the longs.


Trade as per AMA levels and reap the Fruits :)

Happy Trading !!!