6/5/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

7717.65

7738.90

7678.35

7733.45

Pivot @ 7716.90 and MP @ 7708.63. As per pre-open, it achieved almost 2 levels downside, without trigger on upside. As per D-Vol. it achieved 3 levels on downside, without any trigger upside. Trend remains dubious and looks like "Stop" signal to downside for a while.

M	7914	7441	7714	BD	X
W	7884	7669	7766	RST	X
D	7796	7720	7756	BPS	SR
H	7733	7710	7723	B	X

Hourly has signaled Long, whereas daily has signaled Book in Short as closed above 7720 - DLEma after breaching it, but also suggests Sell on Rise near high - 7796. Weekly has shown Resistance at higher levels, whereas Monthly suggested to Buy at Decline. 7756 is DCEma and also 34-sma on Hourly basis, which if crossed, shall take markets upside. 

Nifty Bank spot

16264.45

16346.25

16186.25

16296.60

Pivot @ 16276.38 and MP @ 16266.25. As per pre-open levels and D-Vol, it just touched upside as well downside trigger but did not move further on either side. 

M	16790	15391	16241	BD	X
W	16612	15978	16335	RST	X
D	16504	16289	16376	BPS	SR
H	16317	16248	16279	RST	X

Hourly showed Resistance at high - above 16300. However, Daily signaled Book in Short near Low and Sell on Rise near High. Weekly again showed Resistance at Close - 16335 but Monthly showed Buy at Decline. Overall, it looks as if awaiting some news on either side.