21/1/16 - EOD Analysis with Levels and auto-Signals 

Nifty 50 spot

7376.65-

7398.70-

7250.00-

7276.80

After gap-up open, it did not trigger upside as per pre-open levels but achieved all downside levels as per pre-open as well as 2 downside levels as per D-Vol.    

M	8124	7565	7780	X	SS
W	7713	7485	7540	X	SS
D	7472	7318	7364	X	SS
H	7313	7269	7289	X	SPT

Hourly shows minor support near low, but not a strong one, so far as it is below DLEma at 7318. Daily-Weekly-Monthly continue with shorts signal. First close needed is now 7318 as per Daily and 7485 as per Weekly, for signal of Pause in downtrend.

Resistances: 7289 - (7313-18-64) - (7472-85) 

Supports: (7269-50-41). Fresh selling may come below 7241.

Nifty Bank spot

15132.20-

15364.60-

14918.15-

15101.20

After gap-up open, it achieved first 2 levels upside as per pre-open levels and all levels as per D-Vol, but did not trigger downside level as per D-Vol. 

M	17630	15980	16605	X	SS
W	16340	15593	15792	X	SS
D	15498	15031	15190	BPS	SR
H	15146	15020	15086	BD	X

Hourly signaled Buy at decline whereas Daily has signaled Book in Short as per Daily, with Sell on rise near high 15500. Weekly and Monthly still signal Shorts.

Resistances: (15146-190) - 15498 - 15593.

Supports: (15086-31-20) - 14918. 

 

In 2008, this day of 21/1 is known for beginning of bearish trend from high of 6357, which stopped at 2252 in October 2008.