1/1/2016 - EOD Analysis with Levels and Auto-Signals
Nifty 50 spot
Month has just started so no fresh signal for the month, but so long as above MLEma 7788, it may be considered bullish. Weekly and Daily - both are in strong hold of bulls. Hourly also signals that with new high in coming days (above today's 7973), market to peak up speed again.
Month has just started, so awaiting signal in coming days. Weekly almost touched WHEma at 17070 and reacted, which acts as Resistance now; but it also suggests to Buy at Decline near 16874. Daily has signaled LONG with SL 16952. Hourly also remains in Long.
Nifty 50 spot
| 7938.45 | -7972.55 | -7909.80 | -7963.20 |
It managed to achieve 3 levels on downside and then 3 levels upside as posted after Pre-Open, to maintain momentum, but without breaching our SL 7907. Now SL stands at 7926.
| M | 8124 | 7788 | 8008 | X | X |
| W | 7928 | 7750 | 7860 | BB | X |
| D | 7944 | 7883 | 7926 | BB | X |
| H | 7962 | 7943 | 7957 | B | X |
Supports: (7957-44-43-28-26) - (7883-60)
Resistance: 7973 (High today) - 8008 - 8124
Nifty Bank spot
| 16932.50- | 17067.45- | 16824.05- | 17039.25 |
BNS also managed to achieve 3 downside and all 4 upside levels posted after pre-open today.
After long time, it has managed to show bullishness today. Maintain Long with SL 16950.
| M | 17630 | 16669 | 17251 | X | X |
| W | 17070 | 16636 | 16874 | BD | BPL |
| D | 17008 | 16843 | 16952 | BB | X |
| H | 17013 | 16946 | 16997 | B | X |
Supports: (17013-08) - (16997-52-46) - 16874.
Resistances: (17067-70) - 17251 - 17630.
Alert was given that BN closed below 5-dsma which was reversed today, now at 16970.
