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)
