29/4/16 - EOD Analysis with Levels and auto-Signals
Nifty 50 spot
Pivot @ 7842.52 and MP @ 7838.88. As per pre-open levels posted, it achieved all 4 upside and 4 downside levels on a volatile day. As per D-Vol, it achieved almost 2 levels upside and 3 levels downside, after a big-move day. Last day of week and month was also volatile.
Hourly-Weekly and Monthly signaled Book in Long whereas daily showed Book in Short, triggered yesterday, with signal of Sell on Rise near High - 7939.
Pivot @ 16721.28 and MP @ 16684.43. On a volatile day, it achieved 3 levels upside and all 4 levels downside as per pre-open levels. As per D-Vol, it triggered upside and almost achieved first level, and on downside trigger, it achieved, 2 downside targets and beyond.
On last day of week and month, Monthly showed Resistance at High - 16825, whereas Weekly signaled Long. Daily showed Buy at Declines but Hourly signaled Long. Overall, view remains Bullish, and SL for Long may be maintained near today's low.
Nifty 50 spot
| 7844.25 | 7889.05 | 7788.70 | 7849.80 |
| M | 7925 | 7322 | 7705 | X | |
| W | 7881 | 7664 | 7782 | X | |
| D | 7939 | 7833 | 7883 | BPS | SR |
| H | 7854 | 7816 | 7837 | X |
Resistances: (7854-81-83-90) - (7925-39)
Supports: (7837-33-16) - (7782-05)
Nifty Bank spot
| 16712.95 | 16841.30 | 16527.55 | 16795.00 |
| M | 16825 | 14993 | 16213 | X | |
| W | 16558 | 15873 | 16354 | BB | X |
| D | 16876 | 16586 | 16755 | BD | X |
| H | 16786 | 16651 | 16732 | B | X |
Supports: (16786-55-32) - 16651 - (16586-58-27)
Resistances: (16825-41-76) - (17023-30)