1. Technical Desk Daily Market Update.

2. Nse Index Near term trend is up on charts, however expect some profit booking at rise whereas next strong resistance is expected at 5160. Intraday Resistance : 5074 / 5086 / 5106 / 5138 Intraday Support : 5034 / 5022 / 5002 / 4970

3. Bank Nifty Index Near term trend is positive; expect some profit booking on charts whereas strong support is expected at 9700. Intraday Resistance : 10022 / 10055 / 10107 / 10193 Intraday Support : 9916 / 9884 / 9831 / 9746

4. GOLD Pattern on charts indicates that selling pressure would be witnessed on rise; therefore best trading strategy would be sell on rise… Intraday Resistance : 29826 / 29863 / 29922 / 30022 Intraday Support : 29704 / 29667 / 29608 / 29508

5. SILVER Silver on charts has broken strong support at 53759. As trade below this level trigger’s stoploss of recent bullish breakout, therefore trading strategy remains sell on rise… Intraday Resistance : 54850 / 54946 / 55098 / 55354 Intraday Support : 54538 / 54442 / 54290 / 54034

6. CRUDE OIL - COMMODITY Overall trend is down on charts, any rally would just be considered as technical bounce, whereas stiff resistance is at 4773 & support is at 4568. Best trading strategy would be sell on rise with a stoploss of 4774. Intraday Resistance : 4688 / 4706 / 4734 / 4780 Intraday Support : 4630 / 4612 / 4584 / 4536

7. COPPER - COMMODITY Near term trend is down on charts, whereas it is expected to be in a range (415 – 401.80) trade above or below would add trigger in the direction. Best trading strategy would be sell near resistance and buy near support... Intraday Resistance : 413 / 415 / 417 / 420 Intraday Support : 409 / 408 / 406 / 403

8. USD/INR Near term trend is expected to be Range bound (55.91 – 54.90). Trade above / below would add trigger in the direction. Best trading strategy would be sell near resistance & buy near support until we get a clear trend on charts…. Intraday Resistance : 55.91 / 56.05 / 56.25 / 56.55 Intraday Support : 55.55 / 55.43 / 55.24 / 54.95

9. S&P 500 - AMERICA Post sharp correction in near term; index has witnessed buying pressure at dips; however on charts trend is still down, therefore any rally which is expected in near term could be said as a technical bounce whereas resistance is expected at 1335 where one must grab the opportunity to sell on rise….

10. Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1ABANBUY348358344 2STERLITEBUY100.6010597 3LARSENBUY130913451295 4DIVISLAB BUY ABOVE 952 952980944 5YESBANKBUY345355341

11. Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1ABANBUY348+10.00Target achieved 2STERLITEBUY100.60+4.00Target achieved 3LARSENBUY13091283- 14.00Sl triggered 4DIVISLAB BUY ABOVE 952 952933HOLD 5YESBANKBUY345342HOLD