3/2/16 - EOD Analysis with Levels and auto-Signals for Nifty 50 and Nifty Bank spot

Nifty 50 spot

7392.45-

7419.40-

7350.30-

7361.80

After big gap down open, it tried to reach first level on upside but retreated immediately after touching it and achieved all levels on downside as per pre-open as well as per D-Vol.

M	7949	7494	7704	X	S
W	7645	7422	7507	X	S
D	7507	7408	7442	X	SS
H	7414	7377	7391	X	SS

As per table above, it is Short signal in all time-frames, which is like panic signal. Since Hourly and Daily have strong Short signal, first signs of Book shorts at 7377-7408 as HrLEma/DLEma.

Resistances: (7377-91) -(7408-14-22-42-94)

Supports: 7350 (low today) 7336 and 7242 (Lows of 18/1/16 and 20/1/16)

Nifty Bank spot  

14897.40

-14947.80-

14777.75-

14834.05

After big gap down open, it did not trigger on upside but triggered on downside, but achieved levels on downside as per D-Vol. It continued short signal as posted yesterday.

M	16942	15579	16108	X	S
W	15942	15220	15472	X	S
D	15342	15049	15140	X	SS
H	14943	14846	14894	X	SS

As per table, it is Short signal in all time-frames, which is panic signal. Hourly-Daily with strong signals, one may look at 14846 in Hourly and 15049 in Daily Low Ema.

Resistances: (14846-94) - 14943 - 15049 - 15140.

Supports: 14777 (low today) - 14755 (low of 20/1/16).