16/3/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7457.05

7508.00

7405.15

7498.75

Pivot @ 7470.63 and MP @ 7456.58. As per pre-open levels, it achieved 3 downside levels and scaled to achieve 3 upside levels. As per D-Vol, it achieved both side trigger and SL level, but not beyond. This happens when market is not trended strongly.   

M	7828	7224	7552	X	SPT
W	7510	7228	7416	BPL	X
D	7528	7435	7489	BD	X
H	7477	7444	7466	BB	X

Hourly signaled Long whereas Daily showed Buy at Declines. Weekly signaled Book in Long and Monthly showed support at lower level. Last 3 days' swing high at 7583.70 and swing low at 7405.15 suggests Short near 7515 with SL of 7550. If it happens, target downside may be 7356 to 7295 to 7116. However, if crosses 7550, it may scale newer highs. 

Resistances: (7510-28-52) - 7584 - 7645 (100-dsma) - 7828.

Supports: (7489-77-66-44-35-16) - (7228-24)

Nifty Bank spot  

15304.35

15489.50

15178.30

15461.70

Pivot @ 15376.50 and MP @ 15333.90. As per pre-open levels, it achieved 2 downside and 3 upside levels. As per d-Vol, it triggered on downside and also triggered SL and subsequently triggered on upside and achieved upside first level. Maintain Long with SL 15300.

M	16458	14770	15696	X	SPT
W	15329	14569	15085	BB	X
D	15391	15139	15306	BB	X
H	15389	15289	15357	B	X

Hourly-Daily and Weekly signaled Long and Monthly showed Support at lower levels. 

Supports: (15391-89-57-29-06) - 15289 - 15139 - 15085.

Resistances: 15490 - 15696.