31/5/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

8209.85

8213.60

8134.30

8160.10

Pivot @ 8169.33 and MP @ 8173.95. Close < PP < MP. It achieved all 4 levels downside as per pre-open and triggered upside and downside level as per Pre-open theory.  

M	8021	7441	7857	BB	X
W	8068	7853	7987	B	X
D	8121	8038	8089	BB	X
H	8176	8148	8165	X	X

Hourly suggested to be neutral but Daily-Weekly-Monthly aligned to suggest Long.  

Strategy should be to Buy at Decline.     

It closed above 200-dsma @ 7786 and 20-dsma @ 7881 and also 5-dsma @ 8100.

Resistances: (8167-78) - 8214 - 8297- 8336.     

Supports: (8156-21) - (8089-68-38-21) – 7987.  

Nifty Bank spot

17615.10

17648.25

17462.20

17620.90

Pivot @ 17577 and MP @ 17555. Close > PP > MP. It triggered Upside and Downside trigger as per D-Vol but not beyond and as per pre-open, achieved 3 downside levels. Trend is cautiously bullish and strategy now may be to Buy at Decline.  

M	17105	15391	16682	BB	X
W	17248	16664	17085	BB	X
D	17439	17207	17370	BB	X
H	17606	17519	17577	B	X

Hourly-Daily-Weekly-Monthly are all aligned to suggest Long.   

200-dsma is @ 16495, 20-dsma @ 16793, 5-dsma @ 17402. 

Resistances: 17649 – 17667.   

Supports: 17606 – 17577 – 17439 – 17370 - 17248.