SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update.

Nse Index

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

Bank Nifty Index

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

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 / 29253Intraday Support : 28984 / 28952 / 28902 / 28817

SILVER

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

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 / 5133Intraday Support : 5039 / 5028 / 5010 / 4981

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 / 55.66Intraday Support : 54.87 / 54.78 / 54.63 / 54.38

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…

Monday – Friday Trading Strategy.

Sr No. Symbol Action CMP Target Stoploss

1INDUSIN

BANKBUY 305 314 298

2 ABAN BUY 367 378 360

3 OFSS SELL 2397 2326 2430

4 IGL SELL 205 198 208

5 JSWSTEEL BUY 599 618 584