22/4/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7891.80

7923.35

7873.35

7899.30

Pivot @ 7898.67 and MP @ 7898.35. As Close > Pivot > MP, Bullish indication. Next week is expiry week, so have to watch carefully, as Hourly charts have shown negative divergence. 

As per pre-open, it achieved 2 upside and 1 downside level. As per D-Vol, it triggered on downside, but did not achieve any level.

M	7921	7322	7721	BPL	X
W	7825	7602	7748	BB	X
D	7903	7829	7870	BD	BPL
H	7915	7893	7904	X	SPT

Monthly signaled "Book in Long", as crossed MHEma 7921 and closed below it. Weekly continued with Long signal, but has formed "doji" reflecting indecisiveness. Daily has also signaled "Book in Long" with "Buy at Decline". Hourly showed support near low - 7893. Next week, being expiry week, it is expected to be volatile with wild moves both sides. 

Resistances: (7903-04-15-21-24) - 7985.

Supports: (7893-70-29-25) - (7748-21)

Nifty Bank spot

16641.05

16755.85

16549.10

16703.40

Pivot @ 16669.45 and MP @ 16652.48. Close > Pivot > MP = Bullish. As per pre-open levels, it achieved 2 levels on both sides - up and down and as per D-Vol, touched both triggers up/down.

M	16738	14993	16183	RST	X
W	16322	15546	16133	BB	X
D	16520	16281	16439	BB	X
H	16725	16658	16704	B	X

Hourly-daily-Weekly continued with signal of Long, whereas Monthly has shown resistance at high - 16738, which was crossed today also. This week has been bullish and until low of the week - 16011 is breached, bullish trend may continue.

Supports: 16658 - 16520 - 16439 - 16322 - 16183 

Resistances: (16704-25-56-70)