NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6577	6573
5 L - AMA	6500	6503
5 AMA	6532	6518
13 AMA	6565	6585
21 AMA	6465	6455
34 AMA	6308	6220
89 AMA	6323	6360
144 AMA	6275	6253

NIFTY BANDS :

SUPPORT :         6455 - 6465
RESISTANCE :   6565 - 6585


Nifty was in the red for most part of today's trading session and it made an intra low near 6430 from where it bounced back to close in the green.

Look at the support level mentioned in yesterday's post. The zone of the 21AMA placed at 6410 - 6430. WOW !!!!  This is how brilliantly the AMA table works on a consistent basis time and again.


The AMA table clearly reflects that Nifty is consolidating between the 13 & 21AMA which he have been mentioning since the past few days. The range for Nifty has now shifted to 6455 - 6585. We will go SHORT only on a breakdown below the 21AMA. Empty till then :)


Trade as per levels.

Happy Trading !!!








 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6623	6635
5 L - AMA	6553	6573
5 AMA	6560	6566
13 AMA	6545	6558
21 AMA	6432	6410
34 AMA	6285	6193
89 AMA	6316	6356
144 AMA	6265	6240

NIFTY BANDS :

SUPPORT :         6410 - 6430
RESISTANCE :   6545 - 6565


Nifty has resisted thrice at the 6560 mark and formed a kind of triple top there. Even the AMA table now reflects the importance of that level with a cluster of numbers acting as resistance there.

We exited our longs completely yesterday in anticipation of loss of momentum due to Nifty closing below the 13AMA. We mentioned that the 13AMA should rise somewhere near 6550+ as it is in rising mode and the Nifty took resistance exactly there and sold off in the latter half of the day !!!

Support now comes in at the 6410 - 6430 zone where lies the 21AMA which is also in rising mode. If Nifty has to continue it's upward journey then it must hold onto the 21AMA or else it will reverse it's trend.

Seeing the price action it looks as if sector rotation is going on currently with the strong outperformers IT & Healthcare slumping and the other sectors playing catch up. Sector rotation is not a highlight of a Bull Market. It usually takes place in choppy corrective rises.

As of now Nifty in neutral zone with rotation between 13 & 21AMA expected.


Trade as per levels.

Happy Trading !!!








 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6644	6680
5 L - AMA	6568	6593
5 AMA	6604	6636
13 AMA	6525	6530
21 AMA	6403	6373
34 AMA	6265	6177
89 AMA	6310	6355
144 AMA	6255	6230

NIFTY BANDS :

SUPPORT :         6370 - 6400
RESISTANCE :   6530 - 6560


Nifty having failed to pick up momentum closed below the 13AMA which has now shot up to the 6525 - 6530 band. We have now closed out our long positions as mentioned earlier and booked gains of nearly 500 points on Nifty !!! A feat achieved through simple system following based on the AMA table :)

Although Nifty has closed below the 13AMA, it still has tomorrow's trading session to clear and break above the 13AMA which is quite unlikely because the 13AMA is in rising mode and will shoot up to around 6550 level by end of tomorrow and Nifty has also formed multiple resistance points in the zone of 6550 - 6560 in the past 3 trading sessions.

This resistance band was also put out earlier for the benefit of our readers as an important weekly channel resistance. Nifty has respected that resistance band for now and closed below the 13AMA. Therefore, it is the first cautionary signal in this rally showing loss of momentum and the reason for booking out longs completely & sitting empty on the sideline till a clear signal is given by the AMA table.

We mentioned earlier that the confirmation of a reversal will be received when Nifty also breaks the 21AMA which has now risen to the 6370 - 6400 zone. We will go SHORT if that breaks. (Although an ideal confirmation should be the break of the upper band of the longer term 89AMA @ 6355)

Nifty may consolidate sideways between the 13AMA & 21AMA before showing it's true intentions. Whether this breakout above muti-year highs is for real or no will be hinted by the AMA table. Right now it's in a neutral zone where rotation is expected between the 13 & 21 AMA.

Stay updated to know the future path for Nifty ahead.


Trade as per levels.

Happy Trading !!!






 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6640	6664
5 L - AMA	6552	6570
5 AMA	6604	6630
13 AMA	6490	6491
21 AMA	6367	6330
34 AMA	6243	6165
89 AMA	6302	6353
144 AMA	6246	6220

NIFTY BANDS :

SUPPORT :         6490 - 6491
RESISTANCE :   6570 - 6600


Nifty has been correcting in intra since the past 2 days and consolidating after a massive run up. We have been holding our  longs since 6050 and booked out 50% near 6530 for a massive 500 points gain.

The rest of them have been trailed to the 13AMA which has now climbed perilously close to the 6500 level. It is in rising mode and rising fast. Therefore, Nifty has to keep up the momentum and close in the green in tomorrow's trading session or else we will exit completely out of our longs on any signs of weakness below the 13AMA.

The break of 13AMA will be the first cautionary signal to this uptrend. However, it wont be reason enough to go short. You should notice that the 21AMA has risen to the 6330 - 6370 levels. Only if Nifty manages to break the 21AMA as well & confirms the Reversal, then we will go SHORT.

Tomorrow remains a crucial day for Nifty.

Till then enjoy the Profits :)


Trade as per levels.

Happy Trading !!!






 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6513	6500
5 L - AMA	6410	6399
5 AMA	6512	6506
13 AMA	6392	6393
21 AMA	6280	6237
34 AMA	6195	6136
89 AMA	6287	6351
144 AMA	6225	6197

NIFTY BANDS :

SUPPORT :         6392 - 6393
RESISTANCE :   6550 - 6580


Nifty built up on it's breakout momentum from yesterday and hit a 100++ in today's trading session and thereby giving us a hit of nearly 500 point gain from our buy of 6050. Phew !!!

I would recommend to book out 50% of longs at a humungous 500 point gain and trail the rest with stop at the 13AMA. This is because there is a significant weekly channel resistance at the 6550 - 6580 band and I have put it up here for the benefit of all even though it is not in the AMA table. Coupled with this the market is also in overbought territory, therefore one may expect some consolidation going forward. Thus, it is advised to book 50% profits and trail the rest to the 13AMA.

The 13AMA has now climbed up all the way to 6400 but the rest of them are far behind and yet to start rising up. Therefore, I would expect Nifty to consolidate now with the crucial level being 6350. This level will now become our SAR. Only if Nifty manages to break below this on eod basis then we will go SHORT.


Markets may consolidate in the 6350 - 6550 band till then before letting out the new direction.


Trade as per levels.

Happy Trading !!!



 

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 !!!



 

NIFTY AMA

NIFTY AMA	RANGE
5 H – AMA	6355	6357
5 L - AMA	6285	6206
5 AMA	6338	6335
13 AMA	6287	6299
21 AMA	6190	6145
34 AMA	6150	6110
89 AMA	6273	6350
144 AMA	6205	6173

NIFTY BANDS :

SUPPORT :         6287 - 6299
RESISTANCE :   6350 - 6360


In our last post we mentioned that our bias continues to be mildly positive as long as the 13AMA is intact and not broken by Nifty. Bang On !!!

Nifty obliged by continuing to inch up and is now within striking distance of it's all time highs. We have been maintaining our positive bias right from 6050 levels when the change in trend was hinted by our AMA table and we have been riding on it ever since. This is the sheer brilliance of this simple & yet highly effective table and contrary to most of the analysts, traders and people out there who have been shorting at each Fibo level during this rise.

Having said that, Nifty has now arrived at a crucial juncture. The AMA table shows resistance at the 6350 - 6360 band where the 5AMA's and the upper band of the 144AMA sit tight. Support comes in from the 13AMA which is at the 6290 - 6300 band. Keep in mind that the 13AMA is in rising mode and will rise with each passing session. Therefore, if Nifty has to breakout above the wall of 6350 then it has to be soon in a couple of days before time runs out and it falls below the 13AMA due to lack of momentum.

A break below the 13AMA will be the first cautionary signal and a move below 6270 which is the lower band of the 144AMA will add credence to the caution. Therefore, one can choose to exit longs either on break of 13AMA or 6270 as per one's preference.

If Nifty manages to break below 6270 then we will go Short.

Till then enjoy the longs.


Trade as per levels.

Happy Trading !!!