25/5/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7811.80

7941.20

7809.30

7934.90

Pivot was @ 7895.13 and MP @7875.25. Close > PP > MP. It indicated yesterday, by giving Close> PP>MP, with weaker trend. It was huge gap-up open near final target as per D-Vol and surged ahead to achieve all 4 levels upside as per Pre-open theory. Trend changed to Bullish at Open only.  

M	7931	7441	7781	B	X
W	7920	7712	7826	B	X
D	7860	7766	7826	BB	X
H	7895	7869	7892	BB	X

Hourly-Daily are under strong long signal. Weekly-Monthly have also suggested Long.  

Strategy should be to Buy at Decline, as it was fast rise scenario today. 

It closed above 200-dsma @ 7793 and 20-dsma @ 7816 and also 5-dsma @ 7889.

Resistances: 7940-41 (recent swing highs) – 7991-92 (High of 28/4/16)     

Supports: (7931-20) - (7895-92-69-60-26) – (7781-66-12)  

Nifty Bank spot

16600.65

17025.85

16599.05

16997.45

Pivot @ 16874 and MP @ 16812. Close > PP > MP. It was gap-up open just below final target as per D-Vol and achieved all 4 upside levels as per pre-open. Trend changed to Bullish at open and strategy now changed to Buy at Decline.   

M	16892	15391	16475	B	X
W	16867	16265	16645	BB	X
D	16760	16493	16676	BB	X
H	16926	16851	16909	BB	X

Hourly-Daily-Weekly have signaled strong long with Monthly also following trend.  

200-dsma is @ 16521, 20-dsma @ 16615, 5-dsma @ 16582. 

Resistances: 17026-30 (last 2 swing highs of today and 24/4/16)  

Supports: (16926-09) – (16892-67-51) – 16760 - 16676.