26/5/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7974.45

8083.00

7948.50

8069.65

Pivot was @ 8033.72 and MP @8015.75. Close > PP > MP on third consecutive day indicating strength. It was gap-up open today again near trigger as per D-Vol and achieved all upside targets and also as per Pre-open theory. Trend strengthened to Bullish.  

M	7978	7441	7826	BB	X
W	7967	7712	7871	BB	X
D	7934	7827	7907	BB	X
H	8031	7997	8024	BB	X

All time-frames Hourly-Daily-Weekly-Monthly aligned to suggest strong Long.  

Strategy should be to Buy at Decline, as quite run-away in these 2 days.    

It closed above 200-dsma @ 7791 and 20-dsma @ 7827 and also 5-dsma @ 7847.

Resistances: 8083 – 8116 – 8336.     

Supports: (8031-24) - (7997-78-71-67-48-34-07) – 7871.  

Nifty Bank spot

17037.60

17424.05

16971.35

17359.30

Pivot @ 17252 and MP @ 17198. Close > PP > MP on 3^rd consecutive day indicating strength. It was gap-up open again near trigger as per D-Vol and achieved all 4 upside levels and also as per pre-open. Trend is Bullish and strategy now may be to Buy at Decline.  

M	17024	15391	16595	BB	X
W	16999	16265	16766	BB	X
D	16981	16653	16904	BB	X
H	17245	17126	17211	BB	X

All time-frames Hourly-Daily-Weekly-Monthly are aligned to suggest Long.   

200-dsma is @ 16515, 20-dsma @ 16647, 5-dsma @ 16740. 

Resistances: 17425 – 17498 (High of 30/11/15)   

Supports: (17245-11) – 17126 – 17024 - (16999-81-04).