8/4/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7542.35

7569.35

7526.70

7555.20

Pivot @ 7550.42 and MP @ 7548.02. It just touched first downside level as per pre-open and achieved 2 upside levels, as Open = Low in NF, which was not breached. It touched both upside and downside trigger point as per D-Vol, but not moved much beyond. A lackluster day.

M	7850	7325	7607	X	X
W	7690	7464	7583	RST	X
D	7644	7572	7599	X	SS
H	7563	7544	7554	BD	X

As per Hourly, it signaled Buy at Decline as breached HrLEma - 7544 and closed above it. It suggests oversold zone and small rise likely in coming short week of 3 days. However Daily continued to show Short, so long as below 7572. Weekly continued with Resistance at high 7690. Monthly is still neutral and await some more clarity.

Resistances: (7563-72-83-99) - (7602-44-90) 

Supports: (7554-44-26) - 7464 - 7325. 7408 is 50-dsma. 

Nifty Bank spot

15519.30

15642.70

15483.05

15568.35

Pivot @ 15564.70 and MP @ 15562.88. It did not trigger any downside level either as per D-Vol or as per pre-open levels, but achieved 3 upside levels as per pre-open. 

M	16574	14999	15804	X	X
W	15973	15250	15633	RST	X
D	15834	15596	15683	X	SS
H	15614	15547	15577	X	X

Smallest Hourly and biggest Monthly suggest neutral position, whereas Daily continued with Short signal so long as Close is below 15596. Weekly continued with resistance at high 15973. 

Resistances: (15577-96) - (15614-33-83) - (15804-34)

Supports: 15547 - 15483 - 15250. 15062 is 50-dsma.