1. Technical Desk Daily Market Update.

2. Nse Index Markets are expected to be in range (4770 – 4960) trade above / below would add trigger in the direction… Intraday Resistance : 4875 / 4883 / 4900 / 4920 Intraday Support : 4851 / 4840 / 4820 / 4800

3. Bank Nifty Index Sharp rally from the lows indicate that bulls would be stronger than bears for near term whereas resistance expected would be around 9500. Intraday Resistance : 9494 / 9516 / 9550 / 9600 Intraday Support : 9426 / 9405 / 9370 / 9300

4. GOLD Trend is up on charts; however expect profit booking at rise; therefore best trading strategy would be sell current market price with a strict stoploss of 30160. Intraday Resistance : 30050 / 30074 / 30113 / 30177 Intraday Support : 29972 / 29948 / 29909 / 29845

5. SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : 54582 / 54669 / 54806 / 55037 Intraday Support : 54302 / 54215 / 54078 / 53847

6. CRUDE OIL - COMMODITY As expected a small rally in last 3 days which is considered as a technical bounce on a down trend; results trading strategy still remains the same sell on rise…. Intraday Resistance : 4704 / 4714 / 4729 / 4755 Intraday Support : 4672 / 4662 / 4647 / 4621

7. USD/INR Trend is up on charts; however near term it is in narrow range with negative bias, best trading strategy would be sell on rise whereas strong support is expected at 55.00 Intraday Resistance : 55.80 / 55.90 / 56.05 / 56.30 Intraday Support : 55.50 / 55.40 / 55.26 / 55.01

8. 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 one must grab the opportunity to sell on rise….

9. Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1DIVISLABSELL909885920 2JET AIRWAYSSELL305295309 3JINDALSTEELSELL430410439.90 4CENTURYTEXSELL261249267 5NCCSELL29.5527.8030.30

10. Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1DIVISLABSELL909- 11.00SL TRIGGERED 2JET AIRWAYSSELL305- 4.00SL TRIGGERED 3JINDALSTEELSELL430410+20 TARGET ACHIEVED 4CENTURYTEXSELL261263-3HOLD 5NCCSELL29.5529.90-0.35HOLD