6/1/16 - EOD ANALYSIS WITH LEVELS AND AUTO-SIGNALS
NIFTY 50 SPOT
| 7788.05- |
7800.95- |
7721.20- |
7741.00 |
It was intriguing move as 3 downside levels were achieved as per pre-open and touched upside trigger but turned back to its original trend and achieved all 4 downside levels and beyond.
| M |
8124 |
7725 |
7934 |
X |
SPT |
| W |
7949 |
7752 |
7835 |
X |
S |
| D |
7870 |
7787 |
7813 |
X |
SS |
|
|
|
|
|
|
| H |
7774 |
7744 |
7757 |
X |
S |
I
t tested the MLEma which now stands at 7725, so Monthly is at support level, which if taken out, may go down further. Weekly-Daily-Hourly have continued with Short signals. It breached swing low of 7733 made on 21/12/15 and is on way to another swing low of 7551 of 14/12/15?
Resistances: (7744-52-57-74-87) - (7813-35) - 7949.
Supports: (7733-25-21) - 7551.
Nifty Bank spot
| 16505.45- |
16614.95- |
16377.65- |
16433.15 |
Intriguing move here also with 2 downside levels achieved in first hour as per pre-open and then 3 upside levels and again all 4 downside levels, to form the low today.
| M |
17630 |
16521 |
17049 |
X |
S |
| W |
17035 |
16550 |
16700 |
X |
S |
| D |
16796 |
16566 |
16636 |
X |
SS |
|
|
|
|
|
|
| H |
16525 |
16449 |
16480 |
X |
S |
All time frames from Monthly-Weekly-Daily-Hourly have signaled Short to be continued. We may have to focus on nearest points to signal Book in Shorts- which is at 16449 as per Hourly, 16566 as per Daily and 16550 as per Weekly and 16521 as per Monthly.
Resistances: (16449-480) - (16521-25-50-66) - (16630-36)
Supports: 16377 (low today) - 16188 (low of 15/12/15).
