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Technical Desk Daily Market Update.. Nse Index On charts trend is down; however expect a technical bounce; whereas strong resistance is expected at 5020.

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Presentation on theme: "Technical Desk Daily Market Update.. Nse Index On charts trend is down; however expect a technical bounce; whereas strong resistance is expected at 5020."— Presentation transcript:

1 Technical Desk Daily Market Update.

2 Nse Index On charts trend is down; however expect a technical bounce; whereas strong resistance is expected at 5020 / 5060 therefore best trading strategy would be buy on dips… Intraday Resistance : 4940 / 4950 / 4965 / 4990 Intraday Support : 4910 / 4900 / 4884 / 4859

3 Bank Nifty Index Trend is down on charts; however expect a technical bounce in near term whereas strong resistance is expected at 9999.00. Best trading strategy would be buy at dips…. Intraday Resistance : 9469 / 9487 / 9515 / 9560 Intraday Support : 9413 / 9395 / 9367 / 9320

4 GOLD Gold is very close to its stiff resistance levels (29293) as near term trend is down best trading strategy would be sell at CMP with a strict stoploss of 29293. Intraday Resistance : 29193 / 29221 / 29266 / 29340 Intraday Support : 29103 / 29075 / 29030 / 28956

5 SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : 54262 / 54356 / 54505 / 54755 Intraday Support : 53958 / 53864 / 53715 / 53465

6 CRUDE OIL - COMMODITY Trend is down on charts whereas next strong support is expected at 4855. Trading Strategy: Sell on rise… Intraday Resistance : 4945 / 4961 / 4986 / 5029 Intraday Support : 4893 / 4877 / 4852 / 4809

7 USD/INR Trend is up on charts; however expect a technical correction on charts. Intraday Resistance : 56.27 / 56.40 / 56.57 / 56.88 Intraday Support : 55.89 / 55.77 / 55.59 / 55.28

8 S&P 500 - AMERICA Trend is down on charts whereas strong support is expected at 1290. Best trading strategy would be sell on rise and when it is close to 1290 cover all shorts…..

9 Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1INFYBUY237324322330 2INDIAN BANKSELL172.75167175 3ONGCSELL257251260.50 4OPTOCIRCUITSELL166161170 5TATAGLOBALBUY108115105

10 Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1INFYBUY23732432+59 TARGET ACHIEVED 2INDIAN BANKSELL172.75168+4.75HOLD 3ONGCSELL257252+4HOLD 4OPTOCIRCUITSELL166165.50+1HOLD 5TATAGLOBALBUY108107HOLD


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