NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	7772	7785
5 L - AMA	7727	7735
5 AMA	7757	7777
13 AMA	7642	7592
21 AMA	7722	7735
34 AMA	7776	7840
89 AMA	7530	7490
144 AMA	7252	7172

NIFTY BANDS :

SUPPORT :          7645 - 7700
RESISTANCE :    7760 - 7780


Nifty paused after hitting the 7750+ level in today's session.

As one can clearly see in the AMA table, a host of numbers have cropped up in the 7760 - 7780 zone. Hence, this zone remains a clear hurdle in the coming days and do not expect the market to clear this resistance band with ease. Support comes in at the upper band of the 13AMA which lies near 7650.

Nifty may do some time consolidation without much price damage and then resume it's rally if it wants to continue with it's uptrend. Any break below the 13AMA will be considered weak and will force us to review our bullish stance.



Trade as per levels

Happy Trading !!!