Technical Desk Daily Market Update.
Nse Index On charts trend is down; strong support is expected at 4788, trade below this would add trigger to fresh selling… Intraday Resistance : 4864 / 4877 / 4900 / 4935 Intraday Support : 4820 / 4805 / 4788 / 4748
Bank Nifty Index Trend is down on charts; where as strong support is expected at 8995 as trade below this would open doors for 8300 Intraday Resistance : 9324 / 9360 / 9416 / 9510 Intraday Support : 9211 / 9176 / 9120 / 9002
GOLD Once again a positive breakout on charts; best trading strategy would be buy at dips. Intraday Resistance : / / / Intraday Support : / / / 29400
SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : / / / Intraday Support : / / / 53000
CRUDE OIL - COMMODITY Trend is down on charts; however expect a technical bounce. Trading Strategy: Buy on dips with a strict stoploss of Intraday Resistance : 4650 / 4677 / 4699 / 4725 Intraday Support : 4610 / 4573 / 4553 / 4530
USD/INR Trend is up on charts; however expect a technical correction on charts. Intraday Resistance : / / / Intraday Support : / / / 54.80
S&P AMERICA Fresh negative breakdown on charts; indicate that markets are expected to be in pressure. Best trading strategy would be sell on rise as near term index is in strong down trend whereas support is expected between
Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1DIVISLABSELL JET AIRWAYSSELL JINDALSTEELSELL CENTURYTEXSELL NCCSELL