9/12/15 - EOD ANALYSIS WITH LEVELS AND SIGNALS

NIFTY 50 SPOT 

7695.50

-7702.85-

7606.90-

7612.50

It did not touch even first resistance posted yesterday at EOD, nor did it trigger any Upside level, posted after pre-open today. However, it not only achieved all 4 downside levels posted after pre-open, but went beyond it. Maintain Short with 7730. but may expect small jump after 3 days of consecutive fall.  

M	8200	7746	7920	X	S
W	7945	7744	7794	X	SS
D	7795	7716	7729	X	SS
H	7662	7634	7644	X	S

All time-frames - from Monthly to Hourly point out at only one direction - Short. After watching 2 swing lows 7691 (29/9/15) and 7679 (10/9/15) achieved, it may be headed for last swing low 7540 (8/9/15); But may expect small jump after 3 days of consecutive fall.

Resistances: (7634-44-62) - (7716-29-44-46-94-95). 

NIFTY BANK SPOT 

16762.15-

16868.60-

16626.55-

16660.75

After Gap-down Open today, it mounted all 4 Upside levels and also achieved all 4 downside levels posted after pre-open today. It also attempted to touch first cluster of resistances posted at EOD. However, still maintain Short with SL of 16867. 

M	17911	16738	17270	X	S
W	17315	16810	16982	X	SS
D	17017	16833	16867	X	SS
H	16741	16676	16702	X	S

All time-frames - from Monthly to Hourly point out at only one direction- Short. After testing swing low of  16648 (29/9/15), it may be heading for 16192 (10/9/15) and  15762 (4/9/15). However, after gap-up open on Monday, it has seen 3 consecutive days on downside, hence a small jump may be expected, which may pose opportunity to Sell on Rise. 

Resistances: 16676 - (16702-38-41) - (16810-33-67).