1/6/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

8179.20

8215.35

8171.05

8179.95

Pivot @ 8188.87 and MP @ 8193.20. Close < PP < MP. It achieved 2 levels Upside as per pre-open and also as per Pre-open theory.   

M	8086	7684	7964	B	X
W	8068	7853	7993	BB	X
D	8152	8083	8119	BB	X
H	8196	8175	8186	X	BPS

Hourly suggested to Book in Short but Daily-Weekly-Monthly aligned to suggest Long.  

Strategy should be to Buy at Decline.     

It closed above 200-dsma @ 7784 and 20-dsma @ 7905 and also 5-dsma @ 8149.

Resistances: (8186-96) - 8216 - 8297- 8336.     

Supports: (8175-52-19) - (8086-83-68) – 7993.  

Nifty Bank spot

17670.85

17670.85

17392.85

17423.45

Pivot @ 17496 and MP @ 17532. Close < PP < MP. It did not trigger on Upside, achieved all 4 Downside levels as per D-Vol and as per pre-open, achieved all 4 downside levels. Trend is cautiously bullish and strategy now may be to Buy at Decline.  

M	17294	16058	16929	B	X
W	17250	16641	17085	BB	X
D	17516	17269	17388	BD	BPL
H	17523	17448	17472	X	S

Hourly has signaled Short and Daily has suggested Book in Long with Buy at Decline. Weekly-Monthly are still aligned to suggest Long.   

200-dsma is @ 16488, 20-dsma @ 16851, 5-dsma @ 17487. 

Resistances: (17448-72) – (17516-23) – 17671.   

Supports: (17392-88) – (17294-69-50) – 17085.