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 : 4999 / 5015 / 5028 / 5050 Intraday Support : 4981 / 4967 / 4952 / 4930
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 : 9731 / 9767 / 9804 / 9863 Intraday Support : 9685 / 9649 / 9612 / 9553
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 : / / / 28543
SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : / / / Intraday Support : / / / 52869
CRUDE OIL - COMMODITY Trend is down on charts; expect a technical bounce in near term whereas strong support is expected at 5047 & strong resistance is at Trading Strategy: Buy at dips… Intraday Resistance : 5110 / 5119 / 5132 / 5154 Intraday Support : 5084 / 5075 / 5062 / 5040
USD/INR Trend is up on charts; however near term expect some profit booking… Intraday Resistance : / / / Intraday Support : / / / 55.20
S&P AMERICA As expected a technical bounce in near term. Best trading strategy would still be buy at dips with a strict stoploss of 1290 as per closing basis…
Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1INFYBUY INDIAN BANKSELL ONGCSELL OPTOCIRCUITSELL TATAGLOBALBUY
Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1INFYBUY HOLD 2INDIAN BANKSELL HOLD 3ONGCSELL HOLD 4OPTOCIRCUITSELL166 0HOLD 5TATAGLOBALBUY HOLD