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Technical Desk Daily Market Update.. Nse Index On charts trend is down; strong support is expected at 4788, trade below this would add trigger to fresh.

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Presentation on theme: "Technical Desk Daily Market Update.. Nse Index On charts trend is down; strong support is expected at 4788, trade below this would add trigger to fresh."— Presentation transcript:

1 Technical Desk Daily Market Update.

2 Nse Index On charts trend is down; strong support is expected at 4788, trade below this would add trigger to fresh selling… Intraday Resistance : 4864 / 4877 / 4900 / 4935 Intraday Support : 4820 / 4805 / 4788 / 4748

3 Bank Nifty Index Trend is down on charts; where as strong support is expected at 8995 as trade below this would open doors for 8300 Intraday Resistance : 9324 / 9360 / 9416 / 9510 Intraday Support : 9211 / 9176 / 9120 / 9002

4 GOLD Once again a positive breakout on charts; best trading strategy would be buy at dips. Intraday Resistance : 30158 / 30245 / 30358 / 30500 Intraday Support : 29900 / 29822 / 29656 / 29400

5 SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : 54900 / 55175 / 55506 / 55999 Intraday Support : 54021 / 53750 / 53420 / 53000

6 CRUDE OIL - COMMODITY Trend is down on charts; however expect a technical bounce. Trading Strategy: Buy on dips with a strict stoploss of 4600. Intraday Resistance : 4650 / 4677 / 4699 / 4725 Intraday Support : 4610 / 4573 / 4553 / 4530

7 USD/INR Trend is up on charts; however expect a technical correction on charts. Intraday Resistance : 55.70 / 55.80 / 56.00 / 56.30 Intraday Support : 55.40 / 55.30 / 55.10 / 54.80

8 S&P 500 - AMERICA Fresh negative breakdown on charts; indicate that markets are expected to be in pressure. Best trading strategy would be sell on rise as near term index is in strong down trend whereas support is expected between 1250 - 1260.

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


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