8/2/16 - EOD Analysis with Levels and auto-Signals 

Nifty 50 spot

7489.70

-7512.55-

7363.20-

7387.25

Both studies D-Vol and pre-open levels had got trigger on upside but no follow-up was seen and none of upside levels reached. But just below 7470, and further below 7450, it triggered Down as per both studies and achieved all downside levels and beyond. The damage made has been very significant and small rise may not be sufficient for sustenance of further up-move. 

M	7949	7494	7713	X	S
W	7601	7417	7507	X	SPT
D	7500	7387	7429	BPS	SR
H	7478	7424	7442	X	SS

Hourly is clearly showing Short as last hour saw more downside faster. Daily signelaed marginally Book in Short, as per last 30-min average close, but in real sense, it was Short signal only, so we consider Sell on Rise signal. Weekly signaled Support at swing low made which is at 7242, but so far, it has closed below WLEma, it is also under Short signal. Monthly has been confirming down-trend since long. 

Resistances: (7417-24-29-42-78-94) - (7500-07)

Support: 7363 Low today - 7350 (low of last week) - 7242 (swing low).

Nifty Bank spot

15206.30

-15367.90-

14960.10-

15046.80

It triggered Upside as per d-Vol and achieved 2 upside levels and also all 3 upside levels as per pre-open levels. But once triggered below last close at 15162 and below pre-open down-trigger of 15172, it gave up totally to bears and achieved all downside levels as per both theories. One silver lining in dark clouds is that today was 3rd day of Higher Lows at daily level and it may show some upside, but one may not stay optimistic only on that ground. 

M	16942	15573	16179	X	S
W	15751	15130	15403	X	S
D	15268	14942	15074	X	SR
H	15270	15119	15174	X	SS

Hourly has clear short signal due to heavy selling pressure in last hour. Daily has also signaled Sell on Rise, whereas weekly and Monthly has continued signalling Short.

Resistances: 15074 - (15119-30-74) - (15268-70)

Supports:  14960 - 14761 (low last week) - 14755 (low of 20/1/16)