3/6/16 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

8246.20

8262.00

8209.85

8220.80

Pivot @ 8230.88 and MP @ 8235.93. Close < PP < MP. It achieved almost 2 upside levels as per D-Vol and achieved 2 levels upside and 3 levels downside as per pre-open levels.   

M	8102	7679	7978	BB	X
W	8084	7853	8007	BB	X
D	8206	8141	8175	BB	X
H	8238	8219	8228	X	SPT

Hourly has suggested Support at lower levels. Daily-Weekly-Monthly are all aligned to suggest strong Long. Intraday corrections have proved to be buying levels.

Strategy should be to Buy at Decline.     

It closed above 200-dsma @ 7780 and 20-dsma @ 7954 and also 5-dsma @ 8192.

Resistances: 8262 - 8297- 8336.     

Supports: (8238-28-19-09-06) - (8175-41-02) – (8084-07).  

Nifty Bank spot

17657.20

17762.05

17649.05

17680.80

Pivot @ 17697 and MP @ 17706. Close < PP < MP. It achieved 2 levels upside as per D-Vol and as per pre-open. Trend is bullish and strategy may be to Buy at Decline.  

M	17324	16044	17015	BB	X
W	17280	16627	17104	BB	X
D	17616	17414	17525	BB	X
H	17715	17659	17687	X	X

Hourly has been neutral but Daily-Weekly-Monthly are all aligned to suggest strong Long.   

200-dsma is @ 16475, 20-dsma @ 16984, 5-dsma @ 17563. 

Resistances: 17687 - (17715-63) – 18000+   

Supports: (17659-49-27-16) – 17525 – 17414.