29/12/15 - EOD Analysis with Levels and Auto-Signals
Nifty 50 spot
| 7929.20- |
7942.15- |
7902.75- |
7928.95 |
As per pre-open levels, it did not trigger on upside, but achieved almost lower 2 levels. However, it maintained bullish stance at EOD.
| M |
8200 |
7727 |
8025 |
X |
SPT |
| W |
7918 |
7750 |
7849 |
BB |
X |
| D |
7902 |
7843 |
7883 |
BB |
X |
|
|
|
|
|
|
| H |
7934 |
7917 |
7926 |
RST |
X |
As evident from above table, Monthly contnues with Support at its Low at 7727 and heading towards MCEma 8025. Weekly and Daily - both recovered lost ground intraday by closing above respective HEma - 7918 and 7902. Hourly was also bullish at close but averaging of last 30 minutes shows resistance near its high near 7934. Maintain Long with SL 7883.
It has been bullish since last 9 days - i.e from 16/12/15 with Close at 7751. It was gap-up day and its target was 7962 precisely, which may be attained before month-end. It has managed to cross and close above 50-dsma at 7926. Now target may be 100-dsma at 8014.
Nifty Bank spot
| 16988.30- |
17045.55- |
16921.15- |
16991.45 |
As per pre-open level, it did not go beyond first level either upside or downside. However it managed to continue LONG signal with SL of 16893.
| M |
17911 |
16592 |
17380 |
X |
SPT |
| W |
17063 |
16642 |
16858 |
BD |
BPL |
| D |
16965 |
16800 |
16893 |
BB |
X |
|
|
|
|
|
|
| H |
17015 |
16964 |
16990 |
RST |
X |
As evident from above table, Monthly continues to show support at Low near 16592. Weekly signals Buy at Decline near 16858 - WCEma. Since level of WHEma of 17063 is yet to be crossed, we ignore signal of Book in Long, and shall consider after crossing WHEma and closing below it on same day. Daily continues bullish with SL of 16893. Hourly signals resistance near its high at 17015.
It has completed 8 days since Long signal on 17/12/15 with close of 16730. Though crossed 20-dsma at 16800, it has still to cross 50-dsma at 17118 and 100-dsma at 17354. Expiry coinciding with Month-end, let's see how 2016 turns out to be for Nifty Bank. I think, till SBI shows strength, BN may have resistances ahead.
