24/02/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot:

7075.00-

7090.80-

7009.75-

7018.70

Downside D-Vol levels 7087 (SL 7124) --> 7051   7036    7015

Pre-open Levels: Downside 7059 -  7042  -  7026 -  7009  (Upside Trigger 7091 not touched)

M	7949	7333	7590	X	SS
W	7402	7100	7213	X	S
D	7182	7079	7113	X	SS
H	7066	7031	7042	X	S

All time-frames signaling Short with 7079 to be watched, which may signal earlier signal to book in shorts. On eve of expiry of current month, monthly levels are too far, even considering major event of budget next week. Long signal may be elusive until some big rise. 

Resistances: (7031-42-66-79) - (7100-13-82) - 7213.

Supports: 6961 - 6860.

Nifty Bank spot 

13873.70-

13974.50

-13760.25-

13794.05

D-Vol levels on Downside: 13953 (SL 14036) --> 13863 - 13 825 - 13773

Pre-Open Levels as mentioned below were achieved 3 on upside and all 4 on downside

Upside 13900 - 13927 - 13954 - 13980 and Downside 13847 - 13820 - 13794 - 13767 

M	16942	15240	15833	X	SS
W	15068	14228	14472	X	SS
D	14269	14004	14078	X	SS
H	13913	13819	13856	X	SS

All time-frames are aligned in one direction with strong short signal. With major event next week, monthly levels are far off to be reached. Weekly levels, if reached may be used to re-enter shorts. First signal to look for Book in Short is to come with Close above 14004. 

Resistances: (13819-56) - 13913 - (14004-78) - (14228-269)

Supports: None as per swing lows.