5/2/16 - EOD Analysis with Levels and auto-Signals for Indices

Nifty 50 spot:

7418.25-

7503.15-

7406.65-

7489.10

As predicted in pre-open levels and D-Vol levels, it triggered upside and achieved all upside levels, without triggering SL level. It was signaled yesterday to watch levels to Book Shorts above 7422, which proved perfect. Now SL for Long may be maintained near 7449. 

M	7949	7494	7747	X	S
W	7645	7422	7550	X	SPT
D	7494	7398	7449	BD	BPL
H	7480	7450	7468	BB	X

Hourly has clear signal of Long, with Daily and Weekly suggesting Support near low and Buy at Declines. Monthly may convert signal of book in Shorts after close above 7494. 

Supports: (7480-68-50-49-22-06)

Resistances: 7494 - 7550 -7645. 

Nifty Bank spot:

14928.25-

15211.90-

14890.90-

15162.05

It was a perfect day to trade as per pre-open and D-Vol levels, which triggered upside and achieved all upside levels as per both theories. EOD analysis aslo insisted to watch it move above 14953, to Book in Shorts, if any. Now to Long with SL of same level - 14950.

M	16942	15573	16218	X	S
W	15942	15214	15581	X	S
D	15218	14932	15087	BD	X
H	15139	15026	15090	BB	X

Hourly has signaled clear Long with Daily signaling Buy at Declines. Weekly-Monthly are still under Short signal, but as signaled book in shorts, may confirm at weekly by closing above 15214, which level was approached today.

Supports: 15139 - (15090-87-26) - 14932 - 14890.

Resistances: (15214-18) - (15573-81)