10/6/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

8180.25

8265.60

8162.85

8170.05

Pivot @ 8199.50 and MP @ 8214.23. Close < PP < MP. As per pre-open levels, it triggered upside first and achieved all upside levels and then downward trigger and achieved 2 levels on downside. As per D-Vol, it triggered on upside and achieved 2 levels upside and then achieved 2 downside targets also. Trend looks weakened after bull trap initially.   

M	8113	7679	7961	B	X
W	8154	7956	8061	B	X
D	8264	8185	8205	X	SS
H	8202	8175	8186	X	S

Hourly and Daily confirmed Short, but Weekly-Monthly continued to suggest Long.

Strategy may be to buy at decline.

It closed above 200-dsma @ 7775 and 20-dsma @ 8043 and also 5-dsma @ 8223.

Resistances: (8175-86) - (8202-05-64-66) - 8336.     

Supports: (8162-54-13) – 8061.  

Nifty Bank spot

17830.20

18051.50

17815.25

17828.60

Pivot @ 17898 and MP @ 17933. Close < PP < MP. It achieved all 4 upside levels as per pre-open and 3 levels upside as per D-Vol. Trend weakened but bullish and strategy may be to buy at decline.  

M	17421	16044	17064	BB	X
W	17537	16963	17346	BB	X
D	17947	17743	17821	BD	BPL
H	17905	17835	17861	X	S

Hourly has signaled Short. Daily suggested to book in long with Buy at decline. Weekly-Monthly have still managed to suggest Long. View is cautiously bullish.    

200-dsma is @ 16459, 20-dsma @ 17255, 5-dsma @ 17857. 

Resistances: (17835-61) - (17905-47) – 18052.    

Supports: (17821-15) – 17743 - 17537.