10/12/15 - EOD Analysis with Levels and Signals 

NIFTY 50 SPOT

7643.30-

7691.95-

7610.00-

7683.30

It achieved 2 downside levels after pre-open levels posted and achieved all 4 upside levels, as expected yesterday. However, it maintained signal of Short at EOD with SL of 7714 now. 

M	8200	7746	7943	X	S
W	7945	7744	7817	X	SS
D	7761	7681	7714	BPS	SR
H	7672	7645	7663	BB	X

Monthly is still in Short mode, with Weekly supporting the same. However, Daily has signaled Book in Short as Closed above DLEma 7681, but suggesting to Sell on Rise near 7761 - DHEma. Hourly has signaled Long as Closed above HrHEma - 7672. 

Resistances: ((7714-44-46-61) - 7817 - (7943-45)

Supports: (7681-72-63-45) - 7540 (swing low of 8/9/15).

NIFTY BANK SPOT

16697.20-

16745.25-

16573.15-

16714.00

As per pre-open levels, it took support after downside 4 levels achieved and triggered first upside level. However, it managed to signal Short at EOD with SL of 16816. 

M	17911	16720	17288	X	S
W	17315	16793	17000	X	SS
D	16927	16746	16816	X	SS
H	16713	16643	16686	B	X

Monthly-Weekly-Daily still showing Short signal, whereas Hourly has signaled Long as closed above HrHEma -16713. If it manages to close above 16746 - DLEma, it would signal Book in Short. Being weekly close tomorrow, Close above 16793 would also signal same as Daily. Even in Monthly, close above 16720 would signal Book in Short. Better to be cautious in Short. 

Resistances: (16720-46-93) - 16816 - (16911-27)

Supports: (16686-43).