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

Nifty 50 spot

7731.00

7777.55

7706.85

7735.50

Pivot @ 7739.97 and MP @ 7742.20. Though set-up looks bearish, it has not breached yesterday's low and closed higher. As per pre-open, it touched first level on downside and reversed to touch 2 levels upside. As per D-Vol, it did not trigger on downside, but triggered upside to achieve all upside levels. 

M	7914	7447	7715	BD	X
W	7884	7675	7766	RST	X
D	7825	7741	7767	X	SS
H	7760	7724	7741	RST	X

Daily continued with Short signal and supported by Hourly and Weekly to suggest resistance at higher levels - 7760 and 7884. However, Monthly signaled Buy at Declines, so one may Long near 7715. Close above 7741, which is very near to close today, would signal reversal.

Resistances: (7741-60-66-67-75-77) - 7884. 

Supports: (7724-07) - 7675.

Nifty Bank spot

16292.40

16398.25

16193.70

16281.00

Pivot @ 16290.98 and MP @ 16295.98. Close < PP < MP, so bearish set-up. As per pre-open and D-Vol, it triggered on upside and downside, but not beyond. Trend remains bearish.

M	16790	15393	16236	BD	X
W	16612	15980	16330	RST	X
D	16582	16340	16415	X	SS
H	16352	16259	16298	X	X

Hourly has been Neutral with Daily continued with Short. Weekly showed Resistance at higher levels but Monthly suggested Buy at Declines. Close above 16340 needed for reversal. 

Resistances: 16298 - (16330-40-52-98) - 16415. 

Supports: (16259-50) - 16193.