5/1/16 - EOD Analysis with Levels and auto-signals
Nifty 50 spot
| 7828.40- |
7831.20- |
7763.25- |
7784.65 |
As per pre-open levels, all downside levels achieved in first hour only. Due to oversold position in hourly, market did not keep making new lows, but ultimately closed in bearish grip.
| M |
8124 |
7739 |
7949 |
X |
X |
| W |
7949 |
7766 |
7850 |
X |
SPT |
| D |
7905 |
7820 |
7849 |
X |
SS |
|
|
|
|
|
|
| H |
7804 |
7781 |
7791 |
X |
BPS |
Monthly is yet to signal, but Weekly signaled support near its low - 7766. However, Daily continued with Short signal and Hourly signaled Book in Short near 7781. As the lows of different time-frames are near-by, it would be interesting to watch pre-open levels tomorrow.
Resistances: 7791 - (7804-20-49-50) - (7905-49)
Supports: (7781-66-39)
Since Close is below all main SMA, make no hurry to Long without any strong signal.
Nifty Bank spot
| 16652.05 |
-16670.20- |
16474.85- |
16542.50 |
As per pre-open levels, it achieved all 4 downside levels within first hour itself but remained weak at EOD as per trend, with interim rise due to oversold zone, which was not significant.
| M |
17630 |
16553 |
17086 |
X |
S |
| W |
17035 |
16582 |
16737 |
X |
S |
| D |
16886 |
16661 |
16737 |
X |
SS |
|
|
|
|
|
|
| H |
16589 |
16529 |
16552 |
X |
X |
Monthly-Weekly-Daily continued signal of Short whereas Hourly was neutral. However all SMA are signalling Short to continue.
Resistances: (16552-53-82-89) - 16661.
Supports: 16529 - 16475 (low today) - 16188 (low of 15/12/15)
