Friday, January 08, 2016

8/1/16 - D-Vol Levels for Trading on 11/1/16

Nifty 50 spot
Long above  7619, for Targets 7647 - 7659 - 7675 (SL 7586)
Short below 7584, for Targets 7556 - 7544 - 7528 (SL 7617) 

Nifty Bank spot
Long above 16185, for Targets 16253 - 16283 - 16322  (SL 16110) 
Short below 16100, for Targets 16032 - 16003 - 15963 (SL 16175)

Let us watch these levels for few days, when we do not have any averages to support. 
If found useful, I shall continue with said levels.
8/1/16 - EOD Analysis with Levels and automated-signals

3 posts daily - one is EOD levels and signals, second is D-Vol triggers and targets and third one is levels posted in morning after pre-open. 

Nifty 50 spot
7611.65 -7634.10- 7581.05 -7601.35
As per pre-open levels, it achieved 2 levels on upside first and then 3 levels on downside. D-Vol signaled only Long before 11 am and achieved 2 targets on upside. Trend remained bearish.   

M 8124 7670 7888   X S
W 7949 7697 7788   X S
D 7748 7667 7688   X SS
 
H 7617 7595 7605   X SPT
As suggested yesterday, it opened a bit higher and suggested Book in Short in Hourly. Rest of techniques provided trading opportunities, but EOD remained bearish with support only in Hourly whereas signal of Short continued in Daily-Weekly-Monthly. 
Resistances: (7605-17-67-70-88-97) - (7748-88).
Supports: (7595-81-51-40). 

Nifty Bank spot  
16135.40 -16229.00- 16104.10- 16142.65
As per pre-open levels as well as per D-Vol levels, it signaled Long at Open and achieved 2 levels on upside in first hour itself. It did not trigger on downside as per pre-open levels. 

M 17630 16411 16952   X SS
W 17035 16440 16603   X SS
D 16487 16297 16347   X SS
 
H 16189 16128 16154   X SPT
Though Hourly signaled support at its low, near 16128, rest time-frames Daily-Weekly-Monthly continued with Short signal and did not even signal Book in Short, which suggest further downfall likely in coming week.
Resistances: (16154-189) - 16297 - 16347 - (16440-487).
Supports: 16128 - 16104 (low today) - 16050 (low yday).