13/4/16 - EOD Analysis with Levels and auto-Signals for NS/BNS
Nifty 50 spot
Pivot @ 7829.15 and MP @ 7818.50. As per pre-open, it triggered upside and achieved all 4 levels, without trigger on downside. As per D-Vol, it opened much above trigger but achieved 3rd and 4th level. It was a gap-up open and target comes around 8150, with SL 7717.
Hourly-Daily and weekly signaled Long with support at low as per weekly. Buy at Decline is signal as per Monthly. Maintain 7717 - yday High as SL to ride higher levels till expiry.
Pivot @ 16236.37 and MP @ 16215.13. As per pre-open, it achieved all 4 upside levels, without trigger on downside. As gap-up open, D-Vol levels were not useful, but touched last upside level.
Hourly suggested resistance at high - 16298 and support at low 16216. Daily signaled clear Long whereas Weekly suggested Long with support at close near 15800. Monthly suggested Buy at Decline near 16040. Overall view is bullish with cautious in view of long week-end.
Nifty 50 spot
| 7777.15 | 7864.80 | 7772.20 | 7850.45 |
| M | 7883 | 7322 | 7705 | BD | X |
| W | 7748 | 7482 | 7672 | BB | SPT |
| D | 7739 | 7651 | 7718 | BB | X |
| H | 7845 | 7824 | 7837 | B | X |
Supports: (7845-37-24) - (7748-39-18-05) - 7672.
Resistance: (7865-83). Touched 200-sma today.
Nifty Bank spot
| 16087.95 | 16349.70 | 16080.55 | 16278.55 |
| M | 16598 | 14993 | 16041 | BD | X |
| W | 16099 | 15313 | 15848 | B | SPT |
| D | 16036 | 15779 | 15945 | BB | X |
| H | 16298 | 16216 | 16255 | RST | SPT |
Supports: (16255-16) - (16099-36) - 15945
Resistances: 16298 - 16350 - 16598.
In such cases of Gap-up open, I suggest "pre-open" may be considered as Trigger for upside and levels may be worked out afresh.
For NS, targets be 7809 - 7822 – 7840 (7645) and for BNS 16176 – 16213 – 16263 (16002)
