5/1/16 - EOD Analysis with Levels and auto-signals

Nifty 50 spot

7828.40-

7831.20-

7763.25-

7784.65

As per pre-open levels, all downside levels achieved in first hour only. Due to oversold position in hourly, market did not keep making new lows, but ultimately closed in bearish grip.

M	8124	7739	7949	X	X
W	7949	7766	7850	X	SPT
D	7905	7820	7849	X	SS
H	7804	7781	7791	X	BPS

Monthly is yet to signal, but Weekly signaled support near its low - 7766. However, Daily continued with Short signal and Hourly signaled Book in Short near 7781. As the lows of different time-frames are near-by, it would be interesting to watch pre-open levels tomorrow.

Resistances: 7791 - (7804-20-49-50) - (7905-49) 

Supports: (7781-66-39) 

Since Close is below all main SMA, make no hurry to Long without any strong signal.

Nifty Bank spot

16652.05

-16670.20-

16474.85-

16542.50

As per pre-open levels, it achieved all 4 downside levels within first hour itself but remained weak at EOD as per trend, with interim rise due to oversold zone, which was not significant. 

M	17630	16553	17086	X	S
W	17035	16582	16737	X	S
D	16886	16661	16737	X	SS
H	16589	16529	16552	X	X

Monthly-Weekly-Daily continued signal of Short whereas Hourly was neutral. However all SMA are signalling Short to continue. 

Resistances: (16552-53-82-89) - 16661. 

Supports: 16529 - 16475 (low today) - 16188 (low of 15/12/15)