1/1/2016 - EOD Analysis with Levels and Auto-Signals

Nifty 50 spot

7938.45

-7972.55

-7909.80

-7963.20

It managed to achieve 3 levels on downside and then 3 levels upside as posted after Pre-Open, to maintain momentum, but without breaching our SL 7907. Now SL stands at 7926. 

M	8124	7788	8008	X	X
W	7928	7750	7860	BB	X
D	7944	7883	7926	BB	X
H	7962	7943	7957	B	X

Month has just started so no fresh signal for the month, but so long as above MLEma 7788, it may be considered bullish. Weekly and Daily - both are in strong hold of bulls. Hourly also signals that with new high in coming days (above today's 7973), market to peak up speed again.

Supports: (7957-44-43-28-26) - (7883-60) 

Resistance: 7973 (High today) - 8008 - 8124  

Nifty Bank spot 

16932.50-

17067.45-

16824.05-

17039.25

BNS also managed to achieve 3 downside and all 4 upside levels posted after pre-open today.

After long time, it has managed to show bullishness today. Maintain Long with SL 16950.

M	17630	16669	17251	X	X
W	17070	16636	16874	BD	BPL
D	17008	16843	16952	BB	X
H	17013	16946	16997	B	X

Month has just started, so awaiting signal in coming days. Weekly almost touched WHEma at 17070 and reacted, which acts as Resistance now; but it also suggests to Buy at Decline near 16874. Daily has signaled LONG with SL 16952. Hourly also remains in Long.

Supports: (17013-08) - (16997-52-46) - 16874.

Resistances: (17067-70) - 17251 - 17630.

Alert was given that BN closed below 5-dsma which was reversed today, now at 16970.