Wednesday, April 20, 2016

21/4/16 – Levels to watch after Pre-Open today as well as per D-Vol theory:

Nifty 50 spot Pre-Open @ 7953.65

Upside             7967         7980            7993           8006   
Downside         7940         7927           7914           7901

As per D-Vol theory: Close @ 7914.75

Buy above 7935, for targets 7968 – 7982 – 8000 (SL 7899)
Sell below 7895, for targets 7862 – 7848 – 7829 (SL 7931)

Nifty Bank spot Pre-Open @ 16526.55

Upside             16573          16620         16667       16714
Downside         16480          16433         16386       16339 

As per D-Vol theory: Close @ 16349.70

Buy above 16406, for targets 16496 – 16535 – 16587 (SL 16317)

Sell below 16294, for targets 16203 – 16165 – 16113 (SL 16382)
20/4/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot
7950.05 7950.40 7877.55 7914.75
Pivot @ 7914.23 and MP @ 7913.98. As per pre-open, it achieved all 4 downside levels without trigger on upside, even after gap-up open. As per D-Vol, it touched both upside and downside trigger, but not beyond, which suggested intrinsic strength on upside. 

M 7912 7322 7726   B X
W 7815 7602 7753   BB X
D 7850 7769 7827   BB X
 
H 7919 7895 7908   RST X
Hourly signaled Resistance at high, which is nearby and may easily be crossed. Daily-Weekly and Monthly - all signal Long. The close today is even above MHEma 7912. Long may be maintained with SL of 7827 - DCEma.
Supports: (7912-08) - (7895-50-27-15) - (7769-53-26) 
Resistance: 7919 - 7951. 200-dsma is at 7871. 

Nifty Bank spot  
16299.50 16386.35 16160.55 16349.70
Pivot @ 16298.87 and MP @ 16273.45. Initially, it triggered on downside as per pre-open levels and achieved 3 downside levels and reversed to trigger on upside. As per D-Vol, it achieved 2 upside levels and not beyond. It seems it is heading towards 200-dsma @ 16772.

M 16610 14993 16065   BD X
W 16195 15546 16016   B X
D 16218 15958 16142   BB X
 
H 16341 16259 16304   B X
Hourly-Daily-Weekly all signal Long, whereas Monthly suggest Buy at Decline. Considering 200-dsma at 16772, it may attempt to touch/cross it.
Supports: (16341-04) - (16259-18) - (16195-42).
Resistance: 16387 - 16610 - 16772.