28/3/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7741.00

7749.40

7587.70

7615.10

Pivot @ 7650.73 and MP @ 7668.55. It did not trigger Upside as per pre-open levels but triggered and achieved all downside levels on downside as per D-Vol and pre-open levels. 

M	7883	7224	7591	BD	SPT
W	7643	7435	7565	BPL	X
D	7702	7595	7645	BPS	SR
H	7666	7625	7639	X	S

After long week-end, market opened flat and started downward journey to signal Short as per Hourly, due to continuous sell-off during the day. Daily however, signaled Book in Short as breached DLEma 7595 and closed above it. But it also suggested Sell on Rise near 7645 DCEma.

Weekly was clear with Book in Long but Monthly continued to show support near its Low and also Buy at Decline near 7591 - MCEma. With expiry this week-end and April contract in heavy premium, it is better to have safer view for any position with levels. 

Supports: (7595-91-65) - 7435.

Resistances: (7625-39-43-66) - 7702 - 7750. 

Nifty Bank spot

15867.75

15890.70

15522.20

15604.90

Pivot @ 15672.60 and MP @ 15706.45. It did not trigger Upside as per pre-open levels or D-Vol, but triggered and achieved all downside levels on downside as per D-Vol and pre-open levels.

M	16617	14770	15838	BD	SPT
W	15690	15146	15476	RST	X
D	15848	15596	15719	BPS	SR
H	15764	15634	15677	X	S

After long week-end, market opened flat and without any trigger on upside, gave way to downside, with Hourly in clear Short signal. Daily suggested Book in Short after breaching DLEma 15596 and closed above it, but also suggested to Sell on Rise near 15719 - DCEma. 

Weekly showed Resistance near its high near 15690. Monthly continued to show support near Low but suggested Buy at Decline near low. Market has succumbed to bear-pressure after continuous rise of last 12 days from swing low, hence correction may be expected.