6/1/16 - EOD ANALYSIS WITH LEVELS AND AUTO-SIGNALS

NIFTY 50 SPOT

7788.05-

7800.95-

7721.20-

7741.00

It was intriguing move as 3 downside levels were achieved as per pre-open and touched upside trigger but turned back to its original trend and achieved all 4 downside levels and beyond. 

M	8124	7725	7934	X	SPT
W	7949	7752	7835	X	S
D	7870	7787	7813	X	SS
H	7774	7744	7757	X	S

It tested the MLEma which now stands at 7725, so Monthly is at support level, which if taken out, may go down further. Weekly-Daily-Hourly have continued with Short signals. It breached swing low of 7733 made on 21/12/15 and is on way to another swing low of 7551 of 14/12/15?

Resistances: (7744-52-57-74-87) - (7813-35) - 7949.

Supports: (7733-25-21) - 7551.  

Nifty Bank spot

16505.45-

16614.95-

16377.65-

16433.15

Intriguing move here also with 2 downside levels achieved in first hour as per pre-open and then 3 upside levels and again all 4 downside levels, to form the low today. 

M	17630	16521	17049	X	S
W	17035	16550	16700	X	S
D	16796	16566	16636	X	SS
H	16525	16449	16480	X	S

All time frames from Monthly-Weekly-Daily-Hourly have signaled Short to be continued. We may have to focus on nearest points to signal Book in Shorts- which is at 16449 as per Hourly, 16566 as per Daily and 16550 as per Weekly and 16521 as per Monthly. 

Resistances: (16449-480) - (16521-25-50-66) - (16630-36)

Supports: 16377 (low today) - 16188 (low of 15/12/15).