1/2/16 – EOD Analysis with Levels and auto-Signals

Nifty 50 spot OHLC

7589.50

7600.45

7541.25

7555.95

It was gap-up open and did not trigger on Upside for further up-move but faced resistance and corrected. Though pre-open was gap-up, the trigger upside as per D-Vol did not achieve any level but triggered SL. Be cautious ahead of important RBI event tomorrow.

M	7949	7557	7769	X	S
W	7645	7485	7572	X	X
D	7537	7442	7496	BB	X
H	7574	7548	7560	X	SPT

Hourly suggested support near its Low level near 7548, where Daily continued with Long signal. Weekly being Neutral, Monthly continued with Short signal on first day of the month.

Resistances: (7557-60-72-74) – 7645 – 7769

Supports:  (7548-41) – (7496-85)

Nifty Bank spot  OHLC

15547.75

15565.50

15281.35

15314.45

It did not trigger Upside either as per D-Vol or as per pre-open levels and achieved all downside levels as per D-Vol and 3 downside levels as per pre-open.  Tomorrow being RBI policy event, cautious approach is preferred.

M	16942	15747	16269	X	S
W	15942	15388	15632	X	S
D	15577	15267	15406	BPS	SR
H	15414	15326	15360	X	S

Hourly signalled Short as closed below its Low level of 15326. However Daily signalled Book in short near its low at 15267, with Sell on rise near 15406 – DCEma. Weekly and Monthly continued with Short signals. Close above 15388 – WLEma is needed for covering of shorts as per weekly.

Resistances: (15326-60-88) – 15414 – 15577 – 15632.

Supports: (15281-67) -  15137.