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 : 4960 / 4974 / 4988 / 5010
Intraday Support : 4940 / 4920 / 4890 / 4860

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 : 9564 / 9610 / 9660 / 9740
Intraday Support : 9504 / 9455 / 9400 / 9330

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 : / / / 29500
Intraday Support : / / / 28730

5. SILVER
Near term trend is down; therefore strategy still remains the same.
Best trading Strategy: Sell on rise….
Intraday Resistance : / / / 55545
Intraday Support : / / / 53510

6. 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

7. USD/INR
Trend is up on charts; whereas stiff resistance is expected at 56.40
Intraday Resistance : / / / 56.16
Intraday Support : / / / 55.20

8. 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…..

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
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