Friday, April 29, 2016

29/4/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot
7844.25 7889.05 7788.70 7849.80
Pivot @ 7842.52 and MP @ 7838.88. As per pre-open levels posted, it achieved all 4 upside and 4 downside levels on a volatile day. As per D-Vol, it achieved almost 2 levels upside and 3 levels downside, after a big-move day. Last day of week and month was also volatile.

M 7925 7322 7705   BPL X
W 7881 7664 7782   BPL X
D 7939 7833 7883   BPS SR
 
H 7854 7816 7837   BPL X
Hourly-Weekly and Monthly signaled Book in Long whereas daily showed Book in Short, triggered yesterday, with signal of Sell on Rise near High - 7939. 
Resistances: (7854-81-83-90) - (7925-39)
Supports: (7837-33-16) - (7782-05)

Nifty Bank spot 
16712.95 16841.30 16527.55 16795.00
Pivot @ 16721.28 and MP @ 16684.43. On a volatile day, it achieved 3 levels upside and all 4 levels downside as per pre-open levels. As per D-Vol, it triggered upside and almost achieved first level, and on downside trigger, it achieved, 2 downside targets and beyond. 

M 16825 14993 16213   RST X
W 16558 15873 16354   BB X
D 16876 16586 16755   BD X
 
H 16786 16651 16732   B X
On last day of week and month, Monthly showed Resistance at High - 16825, whereas Weekly signaled Long. Daily showed Buy at Declines but Hourly signaled Long. Overall, view remains Bullish, and SL for Long may be maintained near today's low.
Supports: (16786-55-32) - 16651 - (16586-58-27)
Resistances: (16825-41-76) - (17023-30)