Presentation on theme: "Technical Desk Daily Market Update.. Nse Index Near term trend is up on charts, whereas next strong resistance is expected at 5160. Intraday Resistance."— Presentation transcript:
Nse Index Near term trend is up on charts, whereas next strong resistance is expected at 5160. Intraday Resistance : 5090 / 5103 / 5124 / 5160 Intraday Support : 5047 / 5034 / 5010 / 4980
Bank Nifty Index Near term trend is positive; whereas strong resistance is expected at 10600. Best trading strategy would be buy at dips…. Intraday Resistance : 10051 / 10083 / 10136 / 10220 Intraday Support : 9947 / 9914 / 9862 / 9778
GOLD Pattern on charts indicates that selling pressure would be witnessed on rise; therefore best trading strategy would be sell on rise… Intraday Resistance : 29669 / 29742 / 29858 / 30053 Intraday Support : 29431 / 29358 / 29242 / 29047
SILVER Silver on charts has broken strong support at 53759. As trade below this level triggers stoploss of recent bullish breakout, therefore trading strategy remains sell on rise… Intraday Resistance : 54389 / 54506 / 54689 / 54999 Intraday Support : 54013 / 53896 / 53713 / 53403
CRUDE OIL - COMMODITY Overall trend is down on charts, any rally would just be considered as technical bounce, whereas stiff resistance is at 4773 & support is at 4568. Best trading strategy would be sell on rise with a stoploss of 4774. Intraday Resistance : 4700 / 4717 / 4743 / 4788 Intraday Support : 4646 / 4629 / 4600 / 4558
COPPER - COMMODITY Near term trend is down on charts, whereas it is expected to be in a range (415 – 401.80) trade above or below would add trigger in the direction. Best trading strategy would be sell near resistance and buy near support... Intraday Resistance : 407 / 410 / 412 / 415 Intraday Support : 403 / 400 / 396 / 391
USD/INR Near term trend is down on charts, whereas next support is expected at 53.60. Best trading strategy would be sell on rise… Intraday Resistance : 55.55 / 55.62 / 55.75 / 55.95 Intraday Support : 55.30 / 55.20 / 55.10 / 54.90
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 resistance is expected at 1335 where one must grab the opportunity to sell on rise….
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