Technical Desk Daily Market Update.

Nse Index Markets are expected to be in range (4770 – 4960) trade above / below would add trigger in the direction… Intraday Resistance : 4875 / 4883 / 4900 / 4920 Intraday Support : 4851 / 4840 / 4820 / 4800

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 : 9494 / 9516 / 9550 / 9600 Intraday Support : 9426 / 9405 / 9370 / 9300

GOLD Trend is up on charts; however expect profit booking at rise; therefore best trading strategy would be sell current market price with a strict stoploss of Intraday Resistance : / / / Intraday Support : / / / 29845

SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : / / / Intraday Support : / / / 53847

CRUDE OIL - COMMODITY As expected a small rally in last 3 days which is considered as a technical bounce on a down trend; results trading strategy still remains the same sell on rise…. Intraday Resistance : 4704 / 4714 / 4729 / 4755 Intraday Support : 4672 / 4662 / 4647 / 4621

USD/INR Trend is up on charts; however near term it is in narrow range with negative bias, best trading strategy would be sell on rise whereas strong support is expected at Intraday Resistance : / / / Intraday Support : / / / 55.01

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 TARGET ACHIEVED 4CENTURYTEXSELL HOLD 5NCCSELL HOLD