6/5/16 - EOD Analysis with Levels and auto-Signals
Nifty 50 spot
| 7717.65 |
7738.90 |
7678.35 |
7733.45 |
Pivot @ 7716.90 and MP @ 7708.63. As per pre-open, it achieved almost 2 levels downside, without trigger on upside. As per D-Vol. it achieved 3 levels on downside, without any trigger upside. Trend remains dubious and looks like "Stop" signal to downside for a while.
| M |
7914 |
7441 |
7714 |
BD |
X |
| W |
7884 |
7669 |
7766 |
RST
|
X |
| D |
7796 |
7720 |
7756 |
BPS |
SR |
|
|
|
|
|
|
| H |
7733 |
7710 |
7723 | B |
X |
Hourly has signaled Long, whereas daily has signaled Book in Short as closed above 7720 - DLEma after breaching it, but also suggests Sell on Rise near high - 7796. Weekly has shown Resistance at higher levels, whereas Monthly suggested to Buy at Decline. 7756 is DCEma and also 34-sma on Hourly basis, which if crossed, shall take markets upside.
Nifty Bank spot
| 16264.45 |
16346.25 |
16186.25 |
16296.60 |
Pivot @ 16276.38 and MP @ 16266.25. As per pre-open levels and D-Vol, it just touched upside as well downside trigger but did not move further on either side.
| M |
16790 |
15391 |
16241 |
BD |
X |
| W |
16612 |
15978 |
16335 |
RST
|
X |
| D |
16504 |
16289 |
16376 |
BPS |
SR |
|
|
|
|
|
|
| H |
16317 |
16248 |
16279 |
RST
|
X |
Hourly showed Resistance at high - above 16300. However, Daily signaled Book in Short near Low and Sell on Rise near High. Weekly again showed Resistance at Close - 16335 but Monthly showed Buy at Decline. Overall, it looks as if awaiting some news on either side.
