8/12/15 - EOD ANALYSIS WITH LEVELS AND SIGNALS 

NIFTY 50 SPOT 

7738.50

-7771.25-

7685.45-

7701.70

After gap-up pre-open, it achieved 3 levels on Upside and all 4 downside levels. Trend remains Short with SL intact and took away both previous swing lows of 18/11 and 16/11. 

M	8200	7772	7950	X	S
W	7945	7771	7823	X	SS
D	7841	7770	7787	X	SS
H	7742	7716	7725	X	SS

All time-frames aligned in one direction - Short, with no support even at previous swing lows.

Positive Divergence may only come to rescue, but with low volumes, hence time to be cautious.

Resistances: (7716-25-41-42-70-71-72-87) - (7823-41). 

NIFTY BANK SPOT

16888.65-

16943.05-

16783.65-

16801.15

After gap-up open, it achieved first 2 upside levels, but ultimately fell to pressure and achieved all 4 downside levels. Managed to touch earlier first swing low of 16788 of 18/11.

M	17911	16790	17317	X	SPT
W	17315	16863	17029	X	SS
D	17092	16936	16971	X	SS
H	16865	16810	16828	X	S

Monthly shown support near low at 16790, whereas rest all time-frames are in Short mode. One more previous swing low of 16742 of 13/11 may be attained, with current downfall. 

Resistances: (16810-28-63-65) - (16936-71).

Support: (16790-42)