7/12/15 - EOD ANALYSIS WITH LEVELS AND SIGNALS

NIFTY 50 SPOT

7816.55

-7825.40-

7746.05-

7765.40

Upside did not trigger as per levels posted after pre-open but it achieved all downside levels and beyond. Trend as asserted till last Close remained intact  and maintain Short with SL 7830.

M	8200	7792	7971	X	S
W	7945	7791	7845	X	S
D	7876	7813	7830	X	SS
H	7779	7761	7768	X	SPT

Monthly and Weekly in Short mode, whereas Daily in strong Short mode. Though Hourly signals Support near low near 7761, it may be breached soon. Watch supports near last 2 swing lows at 7725 and 7714, made on 18/11 and 16/11. 

Resistances: (7768-79-91-92) - (7830-45-76) - (7945-71).

Supports: 7761 - 7725 - 7714. 

NIFTY BANK SPOT

17018.00-

17031.85-

16921.75-

16947.00

Even with Gap-up Open, it did not sustain for long time and never triggered on Upside, but achieved 3 levels on downside after pre-open levels posted in morning. 

M	17911	16823	17365	X	X
W	17315	16909	17077	BPS	SR
D	17166	17012	17056	X	SS
H	16977	16934	16950	X	X

Monthly is still Neutral; whereas Weekly has signaled Book in Shorts near 16909 and Sell on Rise near 17077. Daily is still in Short mode while Hourly is Neutral. Overall looking, stand may be taken to Sell on Rise near 17050+, but if short, to book near 16910+. However lower level supports may be near swing lows - 16788 on 18/11 and 16742 on 13/11. 

Resistances: (16950-77) - (17012-56-77) - 17188.

Supports: (16934-09) - 16823 - (16788-42).