17/6/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

8176.65

8195.25

8135.80

8170.20

Pivot @ 8167.08 and MP @ 8165.53. Close > PP > MP. Markets achieved 2 levels upside and all 4 downside levels as per pre-open levels and achieved 3 upside levels as per D-Vol. Trend is uncertain as per data and may catch one-side trend nearing expiry.  

M	8113	7648	7961	B	X
W	8174	7992	8098	RST	X
D	8193	8115	8164	BD	BPL
H	8175	8148	8166	RST	X

Hourly showed resistance at high near 8175. Daily signaled to book in long with buy at decline. Weekly showed Resistance at higher level. Monthly is still with signal of “Long”.

It closed above 200-dsma @ 7768 (same) and 20-dsma @ 8123 (rising) and also 5-dsma @ 8147 (same). We may find all averages aligned to move in one direction soon.

Resistances: (8174-75-93-95)- (8213-62-95)         

Supports: (8166-48-15=13) – 8098.     

Nifty Bank spot

17772.30

17843.15

17590.75

17696.05

Pivot @ 17710 and MP @ 17717. Close < PP < MP. It achieved 2 levels upside and all 4 levels downside as per pre-open and 3 levels upside and one level downside also as per D-Vol. The strategy may be to buy at decline/reaction.  

M	17421	16044	17020	BB	X
W	17673	17151	17463	B	X
D	17844	17605	17731	BPS	SR
H	17746	17664	17712	X	SPT

Hourly showed Support at lower level. Daily signaled “Book in Short” with “Sell on Rise”. Weekly suggested Long again. Monthly is still with signal “Long”.     

200-dsma is @ 16438 (falling), 20-dsma @ 17519 (rising), 5-dsma @ 17710 (falling). 

Resistances: (17712-31-46) – 17844 - 17944      

Supports: (17673-64-05) – 17590 - (17463-21)