23/5/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7813.95

7820.60

7722.20

7731.05

Pivot was @ 7757.95 and MP @7771.40. Close < PP < MP. It opened above trigger of D-Vol level, but did not trigger upside level as per pre-open and touched all downside level as per pre-open. As per D-Vol, it just touched completed reverse journey from upside levels till downside trigger but not beyond. Trend remains weak.  

M	7930	7441	7714	RST	X
W	7880	7714	7758	X	X
D	7849	7759	7783	X	SS
H	7776	7740	7751	X	SS

Hourly and Daily continued signal of clear Short. Weekly was neutral and Monthly suggested Resistance at High levels 7930. Strategy should be to sell on rise. 

It closed below 200-dsma @ 7798 and 20-dsma @ 7828 and also 5-dsma @ 7805.

Resistances: (7740-51-58-59-76-83) – (7849-80)

Supports: 7722 – 7678 (low 6/5/16) - 7580 (100-dsma).  

Nifty Bank spot

16560.15

16604.15

16368.00

16407.55

Pivot @ 16459.90 and MP @ 16486.08. Close < PP < MP. It touched upside trigger and achieved all downside levels as per pre-open thereafter. As per D-Vol theory, it touched 2 upside levels and then 2 downside levels. Trend remains weak and strategy to sell on rise.  

M	16870	15391	16278	RST	X
W	16726	16265	16448	X	X
D	16689	16476	16545	X	SS
H	16535	16423	16467	X	SS

Hourly and Daily continued with signal of Short whereas Weekly was neutral and Monthly suggested Resistances at highs 16870.  

200-dsma is @ 16536, 20-dsma @ 16636, 5-dsma @ 16589. 

Resistances: (16423-48-67-76) – (16535-45) – 16689.

Supports: 16368 – 16265 – 16146 (50-dsma).