1. SATCO CAPITAL MARKET LTD.
Technical Desk Daily Market Update.

2. Nse Index
Markets are expected to be range bound in near term with high volatility. Best trading strategy would be sell near resistance and buy near support until it gives a clear trend.
Intraday Resistance : 4886 / 4901 / 4926 / 4967
Intraday Support : 4835 / 4820 / 4795 / 4755

3. Bank Nifty Index Range bound on charts ; expect index to be volatile…
Intraday Resistance : 9332 / 9372 / 9435 / 9538
Intraday Support : 9205 / 9166 / 9102 / 9000

4. GOLD
Gold is very close to its stiff resistance levels (29293) as near term trend is down best trading strategy would be sell at CMP with a strict stoploss of
Intraday Resistance : / / / 29314
Intraday Support : / / / 28830

5. SILVER
Near term trend is down; therefore strategy still remains the same.
Best trading Strategy: Sell on rise….
Intraday Resistance : / / / 55338
Intraday Support : / / / 53190

6. CRUDE OIL - COMMODITY
Trend is down on charts; expect a technical bounce in near term whereas strong support is expected at 4920 & strong resistance is at 5224.
Trading Strategy: Buy at dips…
Intraday Resistance : 5146 / 5154 / 5166 / 5187
Intraday Support : 5120 / 5112 / 5100 / 5080

7. USD/INR
Trend is up on charts, however slightly over bought on charts, expect a technical correction…
Intraday Resistance : / / / 56.20
Intraday Support : / / / 54.58

8. S&P AMERICA
As expected a technical bounce in near term has been patterned on charts. Best trading strategy would still be buy at dips with a strict stoploss of 1290 as per closing basis…

9. Monday – Friday Trading Strategy.
Sr No.
Symbol
Action
CMP
Target
Stoploss 1
INDUSIN BANK
BUY
305
314
298 2
ABAN
367
378
360 3
OFSS
SELL
2397
2326
2430 4
IGL
205
198
208 5
JSWSTEEL
599
618
584

10. Mon-Fri status M2M Sr No Symbol Action Entry Point CMP P&L Status 1.
INDUSIN BANK
BUY
305 +9
TARGET ACHIEVED 2.
ABAN
367
+11 3.
OFSS
SELL
2397
2418
- 21 4.
IGL
205
206.45
-1.45 5.
JSWSTEEL
599
+19