20/4/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7950.05

7950.40

7877.55

7914.75

Pivot @ 7914.23 and MP @ 7913.98. As per pre-open, it achieved all 4 downside levels without trigger on upside, even after gap-up open. As per D-Vol, it touched both upside and downside trigger, but not beyond, which suggested intrinsic strength on upside. 

M	7912	7322	7726	B	X
W	7815	7602	7753	BB	X
D	7850	7769	7827	BB	X
H	7919	7895	7908	RST	X

Hourly signaled Resistance at high, which is nearby and may easily be crossed. Daily-Weekly and Monthly - all signal Long. The close today is even above MHEma 7912. Long may be maintained with SL of 7827 - DCEma.

Supports: (7912-08) - (7895-50-27-15) - (7769-53-26) 

Resistance: 7919 - 7951. 200-dsma is at 7871. 

Nifty Bank spot  

16299.50

16386.35

16160.55

16349.70

Pivot @ 16298.87 and MP @ 16273.45. Initially, it triggered on downside as per pre-open levels and achieved 3 downside levels and reversed to trigger on upside. As per D-Vol, it achieved 2 upside levels and not beyond. It seems it is heading towards 200-dsma @ 16772.

M	16610	14993	16065	BD	X
W	16195	15546	16016	B	X
D	16218	15958	16142	BB	X
H	16341	16259	16304	B	X

Hourly-Daily-Weekly all signal Long, whereas Monthly suggest Buy at Decline. Considering 200-dsma at 16772, it may attempt to touch/cross it.

Supports: (16341-04) - (16259-18) - (16195-42).

Resistance: 16387 - 16610 - 16772.