1. SATCO CAPITAL MARKET LTD.
Technical Desk Daily Market Update.

2. 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 : 5001 / 5010 / 5025 / 5050
Intraday Support : 4971 / 4961 / 4946 / 4922

3. 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 : 9753 / 9787 / 9843 / 9932
Intraday Support : 9643 / 9609 / 9554 / 9465

4. 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 : / / / 29138
Intraday Support : / / / 28792

5. SILVER
Near term trend is down; therefore strategy still remains the same.
Best trading Strategy: Sell on rise….
Intraday Resistance : / / / 54916
Intraday Support : / / / 53786

6. 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 5224.
Trading Strategy: Buy at dips…
Intraday Resistance : 5081 / 5055 / 5045 / 5029
Intraday Support : 5061 / 5055 / 5045 / 5029

7. USD/INR
Trend is up on charts; however near term expect some profit booking…
Intraday Resistance : / / / 55.56
Intraday Support : / / / 54.82

8. S&P 500 - 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…

9. 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

10. Mon-Fri status M2M Sr No Symbol Action Entry Point CMP P&L Status 1
INFY
BUY
2373
2390
+17.
HOLD 2
INDIAN BANK
SELL
172.75
174.
+1.25 3
ONGC
257
253 +4 4
OPTOCIRCUIT
166
167 5
TATAGLOBAL
108
112