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

Nifty 50 spot

8180.65

8180.65

8074.45

8140.75

Pivot @ 8131.95 and MP @ 8127.55. Close > PP > MP. Markets achieved all downside levels as per pre-open levels and as per D-Vol after weak open. Trend remains cautiously bearish.  

M	8113	7648	7951	B	X
W	8174	7992	8088	RST	X
D	8192	8105	8160	BPS	SR
H	8144	8113	8132	BPL	X

Hourly showed to book in Long, after good recovery from low made today. Daily signaled to book in short, if any, with sell on rise. Weekly showed Resistance at higher level after fall from 8295 to 8064 and correction thereafter. Monthly is still with signal of “Long”.

It closed above 200-dsma @ 7768 (falling) and 20-dsma @ 8102 (falling) and also 5-dsma @ 8147 (falling). Till we find all averages aligned to rise, the rise may be illusive.

Resistances: (8144-60-74-92)        

Supports: (8132-13-05) – 8088.     

Nifty Bank spot

17827.60

17827.60

17545.80

17671.30

Pivot @ 17682 and MP @ 17687. Close < PP < MP. It achieved all 4 levels downside as per pre-open and also as per D-Vol. The strategy may be to buy at decline.  

M	17421	16044	17012	BB	X
W	17673	17151	17454	RST	X
D	17845	17613	17748	BPS	SR
H	17717	17627	17681	RST	X

Hourly showed Resistance at higher level. Daily signaled “Book in Short” with “Sell on Rise”. Weekly suggested resistance at high. Monthly is still with signal “Long”.     

200-dsma is @ 16440 (falling), 20-dsma @ 17458 (rising), 5-dsma @ 17737 (falling). 

Resistances: (17673–81) – 17717 – 17845      

Supports: (17627-13) – 17545 - (17454-21)