29/02/2016 - EOD Analysis with Levels and auto-Signals
Nifty 50 spot
Pivot (PP) @ 6969.15 and Mid-Point (MP) 6960.20. Interestingly, it did not trigger upside as per Pre-open levels and triggered on downside to achieve all downside targets as per pre-open as well as per D-Vol levels and corrected on upside to achieve two levels upside as per both studies. However, it closed above PP and MP both, but not above 5DCEma - 7032.
Monthly and Weekly have continued with signal of short, whereas positive is that Daily has signaled Book in Short as closed above DLEma - 6956, with Sell on Rise near 7102 - DHEma.
Pivot @ 13858.65 and MP @ 13814.78. All the levels on both sides - upside as well as on downside were achieved as per both theories - Pre-open and D-Vol, on this volatile day.
Nifty 50 spot
| 7050.45- | 7094.60- | 6825.80- | 6987.05 |
| M | 7949 | 7319 | 7579 | X | SS |
| W | 7299 | 6998 | 7140 | X | S |
| D | 7102 | 6956 | 7032 | BPS | SR |
| H | 7045 | 6969 | 7003 | X | X |
Hourly has been neutral after much volatile movements during the day.
Resistances: 6998 - (7003-32-45) - (7102-40)
Supports: (6969-56) - (6869-25) .
Nifty Bank spot
| 13818.90 | -14222.30 | -13407.25- | 13946.40 |
| M | 16942 | 15122 | 15813 | X | SS |
| W | 14786 | 13901 | 14296 | X | BPS |
| D | 14106 | 13642 | 13893 | BD | BPL |
| H | 14057 | 13824 | 13924 | BD | X |
Month-end has continued with signal of Short, whereas Weekly has signaled Book in Short as closed above WLEma - 13901. Daily and Hourly, after having crossed respective highs, closed below same and have signaled Buy at Decline near lows - 13824 - 13642.
Resistances: 14057 - 14106 - 14296 .
Supports: 13924 - 13824 - 13642 - 13407.
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