18/1/16 - EOD Analysis with Levels and Auto-Signals

Nifty 50 spot

7420.35-

7463.65-

7336.40-

7351.00

With no much conviction upside, it tried touching upside level initially, but fell to the main-trend and achieved all downside levels and beyond. 

M	8124	7597	7833	X	SS
W	7711	7517	7565	X	SS
D	7559	7427	7468	X	SS
H	7416	7371	7388	X	SS

All time-frames from Monthly to Hourly aligned in one direction - Short. Await perfect reversal signal to Book in short and ride in reverse direction. With no averages supporting and below all recent swing lows, it does not indicate any strength as yet.

Resistances: (7371-88) - (7416-27-68) - (7517-59-65)

No apparent support except today's low at 7336. Weekly Pivot supports at 7310-7199. 

Nifty Bank spot 

15165.20-

15270.40-

14956.95-

15020.80

With just touching upside level, it fell to main-trend which continued for rest of day and achieved almost 3 levels on downside as per both the theories.  

M	17630	16047	16578	X	SS
W	16252	15660	15765	X	SS
D	15701	15337	15440	X	SS
H	15201	15060	15117	X	SS

All time-frames aligned to one direction - Short and did show support as Low made in second hour of the day could not be breached. This ignites a hope of re-bounce only with global clues.

Resistances: 15060 - 15117 - 15201 - 15337 - 15440. 15489 is 5-sma.

Supports are not apparent, but today's low at 14956, 14855 - 14503 as per weekly supports.