8/4/16 - EOD Analysis with Levels and auto-Signals
Nifty 50 spot
Pivot @ 7550.42 and MP @ 7548.02. It just touched first downside level as per pre-open and achieved 2 upside levels, as Open = Low in NF, which was not breached. It touched both upside and downside trigger point as per D-Vol, but not moved much beyond. A lackluster day.
As per Hourly, it signaled Buy at Decline as breached HrLEma - 7544 and closed above it. It suggests oversold zone and small rise likely in coming short week of 3 days. However Daily continued to show Short, so long as below 7572. Weekly continued with Resistance at high 7690. Monthly is still neutral and await some more clarity.
Pivot @ 15564.70 and MP @ 15562.88. It did not trigger any downside level either as per D-Vol or as per pre-open levels, but achieved 3 upside levels as per pre-open.
Nifty 50 spot
| 7542.35 | 7569.35 | 7526.70 | 7555.20 |
| M | 7850 | 7325 | 7607 | X | X |
| W | 7690 | 7464 | 7583 | RST | X |
| D | 7644 | 7572 | 7599 | X | SS |
| H | 7563 | 7544 | 7554 | BD | X |
Resistances: (7563-72-83-99) - (7602-44-90)
Supports: (7554-44-26) - 7464 - 7325. 7408 is 50-dsma.
Nifty Bank spot
| 15519.30 | 15642.70 | 15483.05 | 15568.35 |
| M | 16574 | 14999 | 15804 | X | X |
| W | 15973 | 15250 | 15633 | RST | X |
| D | 15834 | 15596 | 15683 | X | SS |
| H | 15614 | 15547 | 15577 | X | X |
Smallest Hourly and biggest Monthly suggest neutral position, whereas Daily continued with Short signal so long as Close is below 15596. Weekly continued with resistance at high 15973.
Resistances: (15577-96) - (15614-33-83) - (15804-34)
Supports: 15547 - 15483 - 15250. 15062 is 50-dsma.
