24/5/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7738.05

7761.55

7715.80

7748.85

Pivot was @ 7742.07 and MP @7738.68. Close > PP > MP. It touched trigger on both sides – up and down – as per Pre-open theory as well as D-Vol, not beyond. Trend remains weak.  

M	7930	7441	7719	RST	X
W	7880	7712	7764	X	X
D	7820	7745	7771	BPS	SR
H	7750	7732	7741	X	X

Hourly has been Neutral and Daily suggested Book on Short with Sell on Rise. Weekly is neutral but Monthly has suggested Resistance at High levels 7930.

Strategy should be to sell on rise. 

It closed below 200-dsma @ 7795 and 20-dsma @ 7818 and also 5-dsma @ 7777.

Resistances: (7750-64-71) – (7820-80)

Supports: (7741–32-19-15-12) - 7678 (low 6/5/16) - 7580 (100-dsma).  

Nifty Bank spot

16422.35

16501.05

16368.60

16456.65

Pivot @ 16442.10 and MP @ 16434.83. Close > PP > MP. It touched both levels – up and down - as per pre-open as well as per D-Vol. Trend remains weak. Strategy to sell on rise.  

M	16870	15391	16294	RST	X
W	16726	16265	16465	X	X
D	16626	16440	16516	BPS	SR
H	16456	16406	16428	X	X

Hourly has been Neutral but Daily suggested to Book in Short with Sell on Rise. Weekly is neutral but Monthly suggested Resistances at highs 16870.  

200-dsma is @ 16527, 20-dsma @ 16609, 5-dsma @ 16528. 

Resistances: 16465 – (16501-16) – 16626.

Supports: (16440-28-06) – 16368 – 16173 (50-dsma).