1/2/16 – EOD
Analysis with Levels and auto-Signals
Nifty 50 spot OHLC
|
7589.50
|
7600.45
|
7541.25
|
7555.95
|
It was gap-up open
and did not trigger on Upside for further up-move but faced resistance and corrected.
Though pre-open was gap-up, the trigger upside as per D-Vol did not achieve any
level but triggered SL. Be cautious ahead of important RBI event tomorrow.
|
M
|
7949
|
7557
|
7769
|
X
|
S
|
|
W
|
7645
|
7485
|
7572
|
X
|
X
|
|
D
|
7537
|
7442
|
7496
|
BB
|
X
|
|
|
|
|
|
|
|
H
|
7574
|
7548
|
7560
|
X
|
SPT
|
Hourly suggested support near its Low level near 7548, where
Daily continued with Long signal. Weekly being Neutral, Monthly continued with
Short signal on first day of the month.
Resistances: (7557-60-72-74) – 7645 – 7769
Supports: (7548-41) –
(7496-85)
Nifty Bank spot OHLC
|
15547.75
|
15565.50
|
15281.35
|
15314.45
|
It did not trigger Upside either as per D-Vol or as per
pre-open levels and achieved all downside levels as per D-Vol and 3 downside levels
as per pre-open. Tomorrow being RBI
policy event, cautious approach is preferred.
|
M
|
16942
|
15747
|
16269
|
X
|
S
|
|
W
|
15942
|
15388
|
15632
|
X
|
S
|
|
D
|
15577
|
15267
|
15406
|
BPS
|
SR
|
|
|
|
|
|
|
|
H
|
15414
|
15326
|
15360
|
X
|
S
|
Hourly signalled Short as closed below its Low level of
15326. However Daily signalled Book in short near its low at 15267, with Sell
on rise near 15406 – DCEma. Weekly and Monthly continued with Short signals.
Close above 15388 – WLEma is needed for covering of shorts as per weekly.
Resistances: (15326-60-88) – 15414 – 15577 – 15632.
Supports: (15281-67) -
15137.
