11/12/15 - EOD Analysis with Levels and Signals

NIFTY 50 spot 

7699.60

-7703.05-

7575.30-

7610.45

After pre-open, without triggering any Upside level, it achieved all downside levels and much beyond. It did not trigger Short SL, which now stands at 7679. 

M	8200	7735	7919	X	S
W	7945	7734	7793	X	SS
D	7741	7645	7679	X	SS
H	7634	7601	7618	X	SPT

Though yesterday, it signaled Book in Short in Daily time-frame, by closing above 7681, it gave up chance to recover and fell again to main stream of short. Now Monthly-Weekly-Daily all are aligned in Short mode whereas Hourly signals Support near its low at 7601. 

Resistances: (7618-34-45-79) - (7734-35-41-93).

Supports: 7601 and 7540 (swing low on 8/9/15)

NIFTY BANK spot

16751.35-

16758.70-

16260.10-

16342.50

Even after Gap up Open, it did not trigger Upside level posted after pre-open, but achieved all downside levels and much beyond. It did not trigger Short SL, which now stands at  16658.

M	17911	16616	17164	X	S
W	17315	16688	16876	X	SS
D	16871	16584	16658	X	SS
H	16454	16359	16395	X	S

Though it was promising signal in Hourly of Long, the bigger time-frames Daily-Weekly-Monthly all were signalling Short and that signal proved correct. Even levels provided in different time-frames suggesting Book in Short above 16700+, did not materialize and showed way in initial hours only. Now all time-frames aligned to signal Short. 

Resistances: (16359-95) - 16454 - 16584 - (16616-58-88). No apparent support.