EOD ANALYSIS WITH LEVELS AND AUTO-SIGNALS AT WEEK-END
Nifty 50 spot
Interesting to watch pre-open levels achieving all downside levels on downside and beyond without trigger on upside in this bearish trended markets, with D-Vol levels on downside too.
Again major time-frames Monthly-Weekly-Daily signalling clear Short after making important swing low near 6850, it would be interesting to watch markets ahead. Hourly suggesting Buy at Decline near its low near 6947 and low made today near 6869. Though over-sold in smallest time-frame, market is not yet out of red and one must not long till close above DLEma - 7077.
With almost all downside levels achieved as per pre-open and D-Vol theory, it attempted to trigger on upside with great efforts, but failed, which signals basic bearish approach not yet to be abandoned. Time and thrust - both needed to pierce on upside.
Nifty 50 spot
| 7023.65- | 7034.80- | 6869.00- | 6980.95 |
| M | 7949 | 7333 | 7577 | X | SS |
| W | 7601 | 7238 | 7360 | X | SS |
| D | 7229 | 7077 | 7134 | X | SS |
| H | 7009 | 6947 | 6975 | BD | X |
Resistances: (7009-77) - (7229-38)
Supports: (6975-47) - 6869.
Nifty Bank spot
| 14088.60 | -14154.55- | 13810.60- | 13971.50 |
| M | 16942 | 15257 | 15821 | X | SS |
| W | 15751 | 14746 | 15044 | x | SS |
| D | 14631 | 14264 | 14383 | X | SS |
| H | 14090 | 13920 | 13995 | X | SPT |
Major time-frames Monthly-Weekly-Daily signalling strong Short, Hourly has suggested support near its low 13920 as well as low of today at 13810. One must watch DLEma 14264 to be crossed at close in coming days to get out of red-signals.
Resistances: 13995 - 14090 - 14264 - 14384.
Supports: 13920 - 13810.
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