4/5/16 - EOD Analysis with Levels and auto-Signals for NS/BNS

Nifty 50 spot

7724.15

7749.00

7697.25

7706.55

Pivot @ 7717.60 and MP @ 7723.13. Bearish set-up as Close < PP < MP. It was gap-down open as opened below yesterday's low, but tried to touch and cross Close of yesterday, but resisted there and followed trend set. Achieved first levels upside-downside as per pre-open, but achieved 2 levels on downside as per D-Vol without trigger on upside.

M	7914	7447	7705	BD	X
W	7884	7675	7757	RST	X
D	7849	7758	7782	X	SS
H	7736	7710	7722	X	S

Hourly and Daily are with clear signal of Short. Weekly also shows resistance at high but Monthly signaled Buy at Decline near its MCEma - 7705, which is fragile support. Close at EOD above 7758 - DLEma would only suggest reversal of trend. 

Nifty Bank spot

16320.10

16465.60

16250.50

16274.25

Pivot @ 16330.12 and MP @ 16358.05. Bearish set-up as Close < PP < MP. After gap-up open, it crossed close, but could not touch Pivot. As per pre-open levels, it touched 2 upside and one downside level. As per D-Vol also, it touched one upside and 2 downside levels. 

M	16790	15412	16234	BD	X
W	16612	15999	16327	RST	X
D	16674	16414	16482	X	SS
H	16386	16305	16338	X	SS

Hourly and Daily are with clear signal of short. weekly showed resistance at high - 16612. Monthly however, signals Buy at Decline - near 16234 - MCEma. First signal of reversal may be seen only on crossing at EOD close above 16414 - DLEma.