Observation of Past data:

The simplest intra-day trading strategy is to calculate Pivot Point, Mid-Point of yesterday to be compared with Close and if CMP is greater than all 3, i.e. CL, PP, MP, Long for the day with least of 3 as SL and vice versa.

Keep looking MP,PP for today as well and if breaches least of MP and PP of today, book profit.

Check back-data and verify for yourself.

18/06/18 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

10830.20	10830.20	10787.35	10799.85	10805.80	10808.78	CLOSE <  PP < MP
OPEN	HIGH	LOW	CLOSE	PIVOT	MID-PT
As per Pre-Open Levels			0	Upside	3	Downside Achieved
As per D-VOL			0	Upside	1	Downside Achieved
M	10822	10311	10645	RST	X	Resistance at High
W	10815	10664	10752	RST	X	Resistance at High
D	10834	10772	10806	X	SR	Sell on Rise
H	10824	10798	10809	RST	BPS	Resistance at High/Book in Short
Simple Avgs		200 Days	100 Days	50 Days	20 Days	5 Days
		10404.08	10555.62	10647.16	10690.46	10825.03
Resistances:		(10806-09-15-24-31-34)
Supports:		(10798-87-72-52)
Gist:		Trend weakened. Sell on Rise.

Nifty Bank spot

26444.30	26477.50	26322.45	26409.30	26403.08	26399.98	CLOSE > PP > MP
OPEN	HIGH	LOW	CLOSE	PIVOT	MID-PT
As per Pre-Open Levels			0	Upside	2	Downside Achieved
As per D-VOL			1	Upside	1	Downside Achieved
M	26594	25104	25991	RST	X	Resistance at High
W	26643	26082	26343	BD	X	Buy at Declines
D	26582	26391	26474	BPS	SR	Book in Short/Sell on Rise
H	26458	26386	26418	X	X	Neutral
Simple Avgs		200 Days	100 Days	50 Days	20 Days	5 Days
		25332.28	25578.40	25884.12	26376.83	26527.77
Resistances:		(26418-58-78) - (26582-94) - 26643
Supports:		(26391-86-43-22) - 26082
Gist:		Trend weakened since last couple of days. Sell on Rise.

Update on Nifty-Spot and Bank-Nifty-Spot:

NS made Swing High of 10929.20 on 15/5/18 and thereafter made Swing Low of 10417.80 on 23/5/18. NS gave opportunity to sell between 10674-10734 as per Retracement Levels and made HIGH of 10717.25 on 29/5/18 and closed below earlier close and re-started downward move. Targets as per retracement may be up to 10277, 10102 and 9590, being 127.6%, 161.8% and 261.8%.

BNS made Swing High of 26972.05 on 15/5/18 and therafter made Swing Low of 25622.15 on 23/5/18. BNS gave opportunity to short 26500+ during 28/29- May 2018 and closed lower to re-start downward journey. Targets may be 25250, 24788, 23438 as per above methodology.

However, SL may be kept at recent HIGH made plus few points - NS 10725/740. and BNS 26725/750.

So get ready for more panic in markets very soon.

Latest Update on NS and BNS with REVISED Levels at EOD::

NS has fallen from 10929.20 on 15/5/18 to 10589.10 today.

There is opportunity to SHORT on Rise between 10750 t0 10800 with SL at 10860+.

10670 if crossed, would invite short-covering and one may look for Short near levels shown above.

Downside targets may be near 10495, 10380 and ultimately till 10050.

BNS has fallen from 26972.05 on 15/5/18 to 25839 which looks support nearby. 26020 if crossed will invite Short-covering and one may sell near above levels shown.

The opportunity may come to SHORT near 26400-26540, with SL 26750, for downside targets of 25500, 25150 and ultimately till 24000.

The trigger point may be the unfavorable outcome of court-drama about Karnataka elections and post-election developments. Ifs and Buts apply everywhere.

Latest Update on NS and BNS::

NS has fallen from 10929.20 on 15/5/18 to 10631.15 today, where one may LONG with SL of 10600.

Another opportunity is to SHORT between 10780 t0 10815 with SL at 10870+.
10695 if crossed, would invite short-covering and one may look for Short near levels shown above.
Downside targets may be near 10550, 10450 and ultimately till 10150.

BNS has fallen from 26972.05 on 15/5/18 to 25882.65, which looks vulnerable and may also lead NS on downside. 26030 if crossed will invite Short-covering and one may sell near above levels shown.

The opportunity may come to SHORT near 26425-26550, with SL 26750, for downside targets of 25580, 25200 and ultimately till 24120.

The trigger point may be outcome of court-drama about Karnataka elections and post-election developments. Ifs and Buts apply everywhere.