16/12/15 - EOD Analysis with Levels and Signals

Nifty 50 spot OHLC

7725.25

-7776.60-

7715.75-

7750.90

After Gap-up open, it did not trigger any downside level, but touched all 4 levels on Upside, keeping the gap intact. Momentum maintained upside without breaching SL.

M	8200	7727	7966	X	SPT
W	7889	7673	7779	X	BPS
D	7734	7650	7704	BB	X
H	7760	7738	7750	RST	X

Managed to maintain Long in Daily with Book in Short signal in Weekly. Monthly showed support near its low near 7727, but Hourly signaled resistance near its high 7760, ahead of fed event. 

Resistances: (7760-79) - 7889 - 7966.

Supports: (7738-34-27) - (7673-50).

Nifty Bank spot - OHLC

16464.50-

16640.40-

16363.90-

16579.40

After Gap-up open, it breached downside trigger but took support near 3rd level as per levels posted after pre-open and managed to cross all 4 upside levels and beyond. 

M	17911	16592	17243	X	S
W	17090	16522	16777	BPS	SR
D	16631	16367	16529	BD	BPL
H	16600	16525	16565	RST	X

It signaled Book in Short in daily yesterday, but confirmed it today in Weekly. However, it signaled Book in Long as per Daily, as closed below its High 16631 after crossing it, but indicated Buy at Decline. Hourly also showed resistance near 16600 whereas Monthly maintained Short signal, so long as closed below MLEma 16592. 

Resistances: 16592 - (16600-631-) - 16777.

Supports: (16565-29-25-22) - 16367.