1. Technical Desk Daily Market Update.

2. Nse Index Short term trend is down Technical bounce expected …. Trading Strategy: Buy on dips Intraday Resistance : 4963 / 4976 / 4996 / 5029 Intraday Support : 4922 / 4910 / 4889 / 4856

3. Bank Nifty Index Short term trend is down Technical bounce expected …. Trading Strategy: Buy on dips Intraday Resistance : 9366 / 9394 / 9440 / 9515 Intraday Support : 9274 / 9245 / 9199 / 9124

4. GOLD Near term trend would still be down, support is expected at 27900. Technical bounce could be expected….. Trading Strategy : Buy on dips with a stoploss of 27990. Intraday Resistance : 28176 / 28207 / 28256 / 28339 Intraday Support : 28076 / 28045 / 27996 / 27913

5. SILVER Near term trend is down; however expect a technical bounce… Best trading Strategy: Buy on dip with a stoploss of …. Intraday Resistance : 53149 / 53268 / 53456 / 53772 Intraday Support : 52765 / 52646 / 52458 / 52142

6. CRUDE OIL - COMMODITY Trend is down on charts whereas strong support is expected at 4920. Trading Strategy: Sell on rise Intraday Resistance : 5098 / 5108 / 5123 / 5148 Intraday Support : 5068 / 5058 / 5043 / 5018

7. USD/INR Trend is up on charts, whereas aggressive buying would only come once it trades above 54.33. Intraday Resistance : 53.90 / 54.00 / 54.10 / 54.30 Intraday Support : 53.70 / 53.60 / 53.50 /53.30

8. S&P 500 - AMERICA Trend is Positive on charts whereas strong support is expected at 1340; close below this level would attract fresh selling pressure. Best trading strategy would be to buy near support…

9. Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1Mc DowellBUY630665612 2APILBUY349360340 3BGRENERGYSELL285270294 4GSPLSELL645867 5 CENTRAL BANK SELL767178.90

10. Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1.MC - DOWELL BUY 630 66636 Target achieved 2.APIL BUY 349 3512Hold 3.BGRENERGY SELL 285 0Hold 4.GSPL SELL 64 0Hold 5.CENTRAL BANK SELL 76 0Hold