SATCO CAPITAL MARKET LTD. 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 : 4960 / 4974 / 4988 / 5010 Intraday Support : 4940 / 4920 / 4890 / 4860
Bank Nifty Index Trend is down on charts; however expect a technical bounce in near term whereas strong resistance is expected at 9999.00. Best trading strategy would be buy at dips…. Intraday Resistance : 9564 / 9610 / 9660 / 9740 Intraday Support : 9504 / 9455 / 9400 / 9330
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 29293. Intraday Resistance : 29217 / 29275 / 29350 / 29500 Intraday Support : 29029 / 28971 / 28880 / 28730
SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : 54767 / 54916 / 55150 / 55545 Intraday Support : 54287 / 54138 / 53900 / 53510
CRUDE OIL - COMMODITY Trend is down; fresh negative breakdown on charts…. Trading Strategy: Sell on rise… Intraday Resistance : 4997 / 5020 / 5052 / 5110 Intraday Support : 4930 / 4910 / 4874 / 4817
USD/INR Trend is up on charts; whereas stiff resistance is expected at 56.40 Intraday Resistance : 55.80 / 55.87 / 55.98 / 56.16 Intraday Support : 55.56 / 55.49 / 54.38 / 55.20
S&P 500 - AMERICA Trend is down on charts whereas strong support is expected at 1290. Best trading strategy would be sell on rise and when it is close to 1290 cover all shorts…..
Monday – Friday Trading Strategy. Sr No. Symbol Action CMP Target Stoploss 1 INFY BUY 2373 2432 2330 2 INDIAN BANK SELL 172.75 167 175 3 ONGC 257 251 260.50 4 OPTOCIRCUIT 166 161 170 5 TATAGLOBAL 108 115 105
Mon-Fri status M2M Sr No Symbol Action Entry Point CMP P&L Status 1 INFY BUY 2373 2432 +59 TARGET ACHIEVED 2 INDIAN BANK SELL 172.75 168 +4.75 HOLD 3 ONGC 257 252 +4 4 OPTOCIRCUIT 166 165.50 +1 5 TATAGLOBAL 108 107 -1