22/1/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7355.70

-7433.40-

7327.60-

7422.45

It was not real gap-up open, as was not above yesterday high, but much above close. It triggered upside and achieved first level and provided opportunity at lower level near Short trigger price, which did not trigger till EOD. it was perfect reversal for short position. 

M	8124	7565	7828	X	SS
W	7713	7485	7589	X	SS
D	7459	7321	7384	BD	BPL
H	7412	7383	7402	BB	X

It showed support at lower levels in Hourly levels yesterday and with good open today, not breaching short-trigger as per pre-open, was first indication to cover shorts. Another indication was that today was third higher low in daily time-frame suggesting to cover short if above yesterday low. Hourly is clear Long signal, with Daily suggesting Buy at Decline as near DHEma at 7459. Weekly-Monthly have still continued with Short signal hence 7485 - WLEma is not yet crossed and till not closed above.

Supports: (7412-02) - (7384-83-27-21)

Resistances: (7433-59-85) - (7565-89).

Nifty Bank spot:  

15343.15-

15575.65-

15274.90-

15497.55

Opened near yesterday high, it indicated clear uptrend as above DCEma of yesterday at 15190. It achieved first 2 levels even after opening so high. It was good-long once it crossed, final level upside as per D-Vol at 15308. At EOD, it is clear cover of short and also Long with SL at low.

M	17630	15980	16737	X	SS
W	16354	15593	15924	X	S
D	15524	15112	15292	BD	BPL
H	15512	15431	15481	B	X

Hourly has signaled Long whereas Daily has signaled Buy at Decline near low at 15300 - 15100.

Weekly and Monthly are still in Short so long as Close is not above 15593 - WLEma. Expect range of 15300 to 15600 initially, to close near 15900 near expiry. 

Supports: (15481-31) - 15292 - 15112.

Resistances: (15512-24-93) - (15924-80)