Technical Desk Daily Market Update.
Nse Index Near term trend is up on charts, however expect some profit booking at rise whereas next strong resistance is expected at Intraday Resistance : 5143 / 5159 / 5186 / 5230 Intraday Support : 5089 / 5072 / 5046 / 5000
Bank Nifty Index Near term trend is positive; expect some profit booking on charts whereas strong support is expected at Intraday Resistance : / / / Intraday Support : / / 9977 / 9876
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 : / / / 29608
SILVER Range bound on charts (56337 – 53557), trade & close above / below would add trigger in the direction. Intraday Resistance : / / / Intraday Support : / / / 54336
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 Intraday Resistance : 4659 / 4673 / 4694 / 4730 Intraday Support : 4617 / 4600 / 4582 / 4568
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 : 412 / 413 / 415 / 420 Intraday Support : 410 / 408 / 406 / 403
USD/INR Near term trend is expected to be Range bound (55.91 – 54.90). Trade & close above / below would add trigger in the direction. Best trading strategy would be sell near resistance & buy near support until we get a clear trend on charts…. Intraday Resistance : / / / Intraday Support : / / / 55.05
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….
Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1ABANBUY STERLITEBUY LARSENBUY DIVISLAB BUY ABOVE YESBANKBUY
Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1ABANBUY Target achieved 2STERLITEBUY Target achieved 3LARSENBUY Sl triggered 4DIVISLAB BUY ABOVE HOLD 5YESBANKBUY345348HOLD