Technical Desk Daily Market Update.
Nse Index Sharp rally from the lows indicate a technical bounce in near term whereas stiff resistance is expected at Intraday Resistance : 4869 / 4882 / 4900 / 4940 Intraday Support : 4827 / 4815 / 4794 / 4760
Bank Nifty Index Sharp rally from the lows indicate that bulls would be stronger than bears for near term whereas resistance expected would be around Intraday Resistance : 9432 / 9475 / 9545 / 9600 Intraday Support : 9292 / 9250 / 9180 / 9070
GOLD Trend is up on charts; however expect profit booking at rise. Intraday Resistance : / / / Intraday Support : / / / 29691
SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : / / / Intraday Support : / / / 53034
CRUDE OIL - COMMODITY Trend is down on charts; however expect a technical bounce. Trading Strategy: Buy on dips. Intraday Resistance : 4697 / 4717 / 4755 / 4799 Intraday Support : 4625 / 4600 / 4567 / 4530
USD/INR Trend is up on charts; therefore best trading strategy would be buy on dips with a strict stoploss of 55 as trade below this level would attract aggressive profit booking…. 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 one must grab the opportunity to sell on rise….
Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1DIVISLABSELL JET AIRWAYSSELL JINDALSTEELSELL CENTURYTEXSELL NCCSELL
Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1DIVISLABSELL SL TRIGGERED 2JET AIRWAYSSELL SL TRIGGERED 3JINDALSTEELSELL HOLD 4CENTURYTEXSELL HOLD 5NCCSELL HOLD