7/1/16 - EOD Analysis with Levels and Automated-Signals

Nifty 50 spot

7673.35-

7674.95-

7556.60-

7568.30

Big Gap-down open and one-way trend on downside achieving all downside levels and beyond without touching any upside trigger, indicates how strong the bear-trend is. At such times, trend is clear but one wonders at what level Reversal is expected or downside target may be known to trader. As Close today is below all averages, no use considering them.

M	8124	7670	7877	X	S
W	7949	7697	7777	X	S
D	7805	7710	7731	X	SS
H	7614	7584	7594	X	S

All time-frames aligned one-way signalling SHORT. Considering past data, 7551 (low 14/12/15) and 7540 (low of 8/9/15) are 2 swings to watch for supports. Considering gap-down today, close below 7510 may take it near 7050. Reversal upside may occur with Hourly close above 7584 at 10 am tomorrow. Similarly close above 7670 (monthly) - 7697 (weekly) - 7710 (daily) may change direction, to signal book in shorts.

Resistances: (7584-94) - (7614-70-97) - (7710-77) 

Supports: 7551 - 7540 - 7510. 

Nifty Bank spot    

16256.55

-16256.55-

16049.75-

16073.85

Big Gap-down open and Open = High indicated direction and achieved all downside levels and beyond. Closed below all averages, so not relevance. 

M	17630	16411	16929	X	SS
W	17035	16440	16580	X	SS
D	16616	16394	16448	X	SS
H	16170	16099	16122	X	S

All time-frames aligned to signal SHORT. Close below last swing low 16188 (low of 15/12/15) 

indicates more downfall, but we may also consider probable reversal points. These reversal points are 16099 (hourly) - 16394 (daily) - 16440 (weekly) - 16411 (monthly). 

Resistances: 16099 - (16122-170) - 16394 - (16411-40-48). 

Look at new post based on Daily Volatility levels.