20/5/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7792.20

7812.40

7735.75

7749.70

Pivot was @ 7765.95 and MP @7774.08. Close < PP < MP. It touched first Upside level as per pre-open and then achieved 3 levels on downside and as per D-Vol, it just touched both upside and downside trigger and not beyond. Trend remains weak.  

M	7930	7441	7720	RST	X
W	7910	7710	7771	RST	X
D	7863	7778	7808	X	SS
H	7792	7762	7772	X	SS

Hourly and Daily signaled clear Short. Weekly and Monthly suggested Resistance at High levels – 7910 – 7930. Strategy should be to sell on rise.  

It closed below 200-dsma @ 7801.24 and 20-dsma @ 7834.79. 7831 is 5-dsma.

Supports: (7735-20-10) – 7441.

Resistances: (7762-71-72-78-92) - (7808-13-63) – (7910-30) 

Nifty Bank spot

16600.80

16623.20

16455.40

16481.45

Pivot @ 16520.02 and MP @ 16539.30. Close < PP < MP. It achieved 3 downside levels as per pre-open without touching any upside level and as per D-Vol theory, it just touched upside level and then 2 downside levels. Trend remains weak and strategy to sell on rise.  

M	16870	15391	16303	RST	X
W	16787	16213	16469	RST	X
D	16732	16530	16614	X	SS
H	16572	16495	16524	X	S

Hourly and Daily signaled Short whereas Weekly and Monthly suggested Resistances at highs – 16787 - 16870.  200-dsma is @ 16545, 20-dsma @ 16650, 5-dsma @ 16655. 

Resistances: 16495 - (16524-30-72) – (16614-24) – 16787.

Supports: 16455 – 16303 – 16213.