3/5/16 -EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7824.80

7890.25

7735.15

7747.00

Pivot @ 7790.80 and MP @ 7812.70. Formation of Close < PP < MP is Bearish. Today, as per pre-open levels, it triggered upside and achieved all upside levels and on reverse way, it triggered downside and achieved all downside levels. As per D-Vol also, all levels upside and 3 levels downside were achieved. Trend remained weak - "Bearish".

M	7914	7460	7719	BD	X
W	7884	7688	7770	RST	X
D	7898	7788	7820	X	SS
H	7797	7761	7773	X	S

Monthly signaled Buy at Decline - near low 7460. Weekly showed resistance at high - 7884. Daily and Hourly signaled "Short". Frenzy upside was tricky today to catch bears unaware.

Resistances: (7761-70-73-88-93) - (7820-84-90-98)

Supports: (7735-19) - 7688 -  7460.

Nifty Bank spot

16570.75

16719.40

16358.40

16388.70

Pivot @ 16488.83 and MP @ 16538.90. Formation of Close < PP < MP looks Bearish. As per pre-open levels, it achieved 2 upside and 3 downside levels. As per D-Vol also, it achieved 3 upside and 3 downside levels. Trend remains Bearish.

M	16790	15448	16272	BD	X
W	16612	16035	16366	RST	X
D	16779	16495	16586	X	SS
H	16527	16429	16464	X	S

Monthly shows Buy at Decline near low 15448 and Weekly shows resistance at High - 16612. Daily and Hourly are purely bearish after close below respective lows - 16495 and 16429. 

Resistances: (16429-64-95) - (16527-86)

Supports: (16366-58) - 16272 - 16035.