18/12/15 - EOD Analysis with Levels and Auto-Signals
Nifty 50 spot
Lower Open and without trigger on upside, it achieved all downside levels after pre-open.
Monthly signals support at low of 7727, whereas Weekly signals Book in Shorts. Larger time-frames suggest bullishness, whereas short-term does not augur well and Daily signals Book in Long, as Closed below DHEma 7794. Hourly signals Short. Overall rise from 7551 to 7853 of 302 points may correct to 7738 (61.8%) and 7702 (50%), with SL 7793 on upside.
After pre-open today, it did not trigger any level upside but achieved 3 levels on downside.
Hourly signals Short, whereas Daily and Weekly signal Book in Short, coupled with Sell on Rise.
Nifty 50 spot
| 7828.90- | 7836.15- | 7753.35- | 7761.95 |
| M | 8200 | 7727 | 7970 | X | SPT |
| W | 7915 | 7673 | 7783 | X | BPS |
| D | 7794 | 7704 | 7753 | BD | BPL |
| H | 7800 | 7774 | 7785 | X | SS |
Resistances: (7774-83-85-94) - 7800 - 7915.
Supports: (7753-27-04) - 7673.
Nifty Bank spot
| 16719.45- | 16737.70- | 16572.75- | 16594.30 |
| M | 17911 | 16592 | 17248 | X | SPT |
| W | 17134 | 16522 | 16782 | BPS | SR |
| D | 16698 | 16475 | 16595 | BPS | SR |
| H | 16662 | 16600 | 16630 | X | S |
Monthly signals support near its low - 16592, which is very near to Close. The rise from 16188 to 16772 may correct to reach 16480 to 16410.
Resistances: (16600-30-62-98) - 16782.
Supports: (16592-522) - 16475.
