4/1/16 - EOD Analysis with Levels and Auto-signals

Nifty 50 spot

7924.55-

7937.55-

7781.10-

7791.30

As was evident from pre-open, which opened almost half-percent down, and kept on moving one-way after just touching first level upside and went much beyond all 4 downside levels. 

As I have explained earlier, the last 2 levels given after pre-open may be added or subtracted from last level for upside/downside to get more levels. So accordingly, it must have achieved almost 11 more levels downside. 

Trailing SL may be 3-times that difference of last 2 levels, so if difference of last 2 levels is 10 points, SL may be 30 points. If you notice, the interim rise which occurred during the day from any low was never above 30 points today.  

M	8124	7745	7951	X	X
W	7949	7772	7852	X	X
D	7942	7849	7881	X	SS
H	7837	7806	7817	X	S

As per table, it's Short signal as per Hourly and Daily, whereas it has supports near WLEma 7772 and MLEma 7745. Weekly and Monthly may endorse signal, if closes below said levels. 

Resistances: (7806-17-37-49-52-81) - (7942-49-51).

Supports: (7772-45) - 7733 (low of 21/12/15) - 7551 (low of 14/12/15).

Nifty Bank spot

16966.35-

16966.35-

16575.45-

16599.15

As per pre-open levels, it achieved 10 downside levels, as explained above. Even same happened for Trailing SL, as difference of last 2 levels was 37 points and it never jumped more than thrice 3*37 = 111 from low made during the day. 

M	17630	16586	17105	X	SPT
W	17035	16615	16756	X	S
D	16994	16754	16834	X	SS
H	16784	16696	16716	X	SS

Monthly shows support near its low 16586, whereas Weekly-Daily-Hourly are clear Short. 

Resistances: (16615-96) - (16716-54-56-84).

Supports: 16586 - 16188 (swing low of 15/12/15)