17/12/15 - EOD Analysis with Levels and Signals

Nifty 50 spot 

7783.05-

7852.90-

7737.55-

7837.40

After gap-up open after Fed event, it faced resistance at first upside level initially and retreated to take support on 3rd downside levels, and climbed back to achieve all 4 upside levels. 

M	8200	7727	7995	X	SPT
W	7915	7673	7808	BD	BPS
D	7773	7679	7748	BB	X
H	7814	7780	7805	BB	X

It maintained bullish stance after raising doubt initially. It managed to close above High in Hourly and Daily, so have to manage momentum by closing above 7814 and 7773, which levels would also be rising. In Weekly, it shows Buy at Decline, and in Monthly shows Support. Would be interesting to watch tomorrow being week-end, whether closes above High in weekly.

Resistances: (7915-95) - 8200. 

Supports: (7814-08-05) - (7780-73-48-27).  

Nifty Bank spot

16704.05-

16771.80-

16544.65-

16729.60

After Gap-up open, it faced resistance at first upside level and retraced to take support near 4th downside level and climbed back, without hitting SL level for Long at 16529. 

M	17911	16592	17293	X	SPT
W	17134	16522	16827	BPS	SR
D	16678	16426	16596	BB	X
H	16722	16644	16688	B	X

With rise in later hours of the day, it managed to close above High in Hourly and daily time-frames and have to maintain rising levels on week-end day tomorrow. Weekly has signaled Book in Short with Sell on Rise near 17100+ level. Monthly signaled support at lower levels.

Resistances: 16827 - 17134.

Supports: 16722 - (16688-78-44) - 16596.