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Technical Desk Daily Market Update.. Nse Index Near term trend is up on charts, whereas next strong resistance is expected at 5160. Intraday Resistance.

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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:

1 Technical Desk Daily Market Update.

2 Nse Index Near term trend is up on charts, whereas next strong resistance is expected at Intraday Resistance : 5090 / 5103 / 5124 / 5160 Intraday Support : 5047 / 5034 / 5010 / 4980

3 Bank Nifty Index Near term trend is positive; whereas strong resistance is expected at Best trading strategy would be buy at dips…. Intraday Resistance : / / / Intraday Support : 9947 / 9914 / 9862 / 9778

4 GOLD Pattern on charts indicates that selling pressure would be witnessed on rise; therefore best trading strategy would be sell on rise… Intraday Resistance : / / / Intraday Support : / / / 29047

5 SILVER Silver on charts has broken strong support at As trade below this level triggers stoploss of recent bullish breakout, therefore trading strategy remains sell on rise… Intraday Resistance : / / / Intraday Support : / / / 53403

6 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 Best trading strategy would be sell on rise with a stoploss of Intraday Resistance : 4700 / 4717 / 4743 / 4788 Intraday Support : 4646 / 4629 / 4600 / 4558

7 COPPER - COMMODITY Near term trend is down on charts, whereas it is expected to be in a range (415 – ) 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

8 USD/INR Near term trend is down on charts, whereas next support is expected at Best trading strategy would be sell on rise… Intraday Resistance : / / / Intraday Support : / / / 54.90

9 S&P 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….

10 Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1ABANBUY STERLITEBUY LARSENBUY DIVISLAB BUY ABOVE YESBANKBUY


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