Technical Desk Daily Market Update.
Nse Index On charts trend is down; however expect a technical bounce; whereas strong resistance is expected at 5020 / 5060 therefore best trading strategy would be buy on dips… Intraday Resistance : 4940 / 4950 / 4965 / 4990 Intraday Support : 4910 / 4900 / 4884 / 4859
Bank Nifty Index Trend is down on charts; however expect a technical bounce in near term whereas strong resistance is expected at Best trading strategy would be buy at dips…. Intraday Resistance : 9469 / 9487 / 9515 / 9560 Intraday Support : 9413 / 9395 / 9367 / 9320
GOLD Gold is very close to its stiff resistance levels (29293) as near term trend is down best trading strategy would be sell at CMP with a strict stoploss of Intraday Resistance : / / / Intraday Support : / / / 28956
SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : / / / Intraday Support : / / / 53465
CRUDE OIL - COMMODITY Trend is down on charts whereas next strong support is expected at Trading Strategy: Sell on rise… Intraday Resistance : 4945 / 4961 / 4986 / 5029 Intraday Support : 4893 / 4877 / 4852 / 4809
USD/INR Trend is up on charts; however expect a technical correction on charts. Intraday Resistance : / / / Intraday Support : / / / 55.28
S&P AMERICA Trend is down on charts whereas strong support is expected at Best trading strategy would be sell on rise and when it is close to 1290 cover all shorts…..
Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1INFYBUY INDIAN BANKSELL ONGCSELL OPTOCIRCUITSELL TATAGLOBALBUY
Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1INFYBUY TARGET ACHIEVED 2INDIAN BANKSELL HOLD 3ONGCSELL HOLD 4OPTOCIRCUITSELL HOLD 5TATAGLOBALBUY108107HOLD