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Technical Desk Daily Market Update.. Nse Index Technical bounce expected in near term…. Trading Strategy: Buy on dips Intraday Resistance : 4918 / 4925.

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Presentation on theme: "Technical Desk Daily Market Update.. Nse Index Technical bounce expected in near term…. Trading Strategy: Buy on dips Intraday Resistance : 4918 / 4925."— Presentation transcript:

1 Technical Desk Daily Market Update.

2 Nse Index Technical bounce expected in near term…. Trading Strategy: Buy on dips Intraday Resistance : 4918 / 4925 / 4936 / 4955 Intraday Support : 4894 / 4887 / 4876 / 4857

3 Bank Nifty Index Short term trend is down Technical bounce expected …. Trading Strategy: Buy on dips Intraday Resistance : 9454 / 9480 / 9523 / 9591 Intraday Support : 9370 / 9344 / 9301 / 9233

4 GOLD Near term trend would still be down; rally witnessed is just a technical bounce in a bear pattern… Trading Strategy : Sell on rise… Intraday Resistance : 29086 / 29118 / 29168 / 29253 Intraday Support : 28984 / 28952 / 28902 / 28817

5 SILVER Near term trend is down; however expect a technical bounce… Best trading Strategy: Sell on rise…. Intraday Resistance : 54352 / 54489 / 54705 / 55070 Intraday Support : 53908 / 53771 / 53555 / 53190

6 CRUDE OIL - COMMODITY Trend is down on charts; expect a technical bounce in near term whereas strong support is expected at 4920 & strong resistance is at 5224. Trading Strategy: Buy at dips… Intraday Resistance : 5075 / 5086 / 5104 / 5133 Intraday Support : 5039 / 5028 / 5010 / 4981

7 USD/INR Trend is up on charts, however slightly over bought on charts, expect a technical correction… Intraday Resistance : 55.17 / 55.26 / 55.40 / 55.66 Intraday Support : 54.87 / 54.78 / 54.63 / 54.38

8 S&P 500 - AMERICA As expected a technical bounce in near term has been patterned on charts. 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.SymbolActionCMPTargetStoploss 1 INDUSIN BANK BUY305314298 2ABANBUY367378360 3OFSSSELL239723262430 4IGLSELL205198208 5JSWSTEELBUY599618584


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