Wednesday, December 02, 2015

3/12/15 - Levels to watch after pre-open:

Nifty 50 spot @ 7902.30
Upside 
7919 7936 7946 7962
Downside 
7886 7869 7859 7842

Nifty Bank spot @ 17137.80
Upside 
17178 17219 17244 17285
Downside 
17097 17056 17031 16991

Gap-down in both, so watch yesterday Low to be crossed. 

2/12/15 - EOD ANALYSIS WITH LEVELS AND SIGNALS::

NIFTY 50 SPOT
7976.70 -7979.30- 7910.80- 7931.35

M 8200 7847 8026   X X
W 8006 7858 7934  RST X
D 7955 7895 7922  BD BPL
 
H 7942 7920 7933   X X
Monthly and Hourly have been Neutral whereas Weekly has shown Resistance near 8006 level. Daily signals Buy in Long near 7955 and Buy at Decline near 7895. At EOD, SL for Long is 7922.
Resistances: (7935-42-55) - (8006-26) - 8200.
Supports: (7922-20) - (7895-58-47)

NIFTY BANK SPOT
17457.15- 17470.85- 17164.00- 17224.00

M 17911 16917 17458   X X
W 17457 16997 17251  BPS SR
D 17408 17177 17269  BPS SR
 
H 17269 17198 17236   X SPT
Monthly is Neutral whereas Weekly and Daily signal Book in Shorts near 16997/17177 and Sell on Rise near 17457/08. Hourly signals support at 17198. Hold Short unless it opens above 17338, as per HA candle-study.  
Resistances: (17236-51-69) - (17408-57-58)
Supports: (17198-77) - (16997-17)