1. Technical Desk Daily Market Update.

2. Nse Index Sharp rally which could be considered as a technical bounce in a down trend could be still be active once Index closes above 5020. Traders watch this level closely as post violation it could open doors for 5160 on charts… Intraday Resistance : 5026 / 5045 / 5074 / 5120 Intraday Support : : 4968 / 4950 / 4920 / 4875

3. Bank Nifty Index Near term trend is positive; whereas strong resistance is expected at 10000. Best trading strategy would be buy at dips…. Intraday Resistance : 9800 / 9840 / 9900 / 10000 Intraday Support : : 9683 / 9650 / 9590 / 9550

4. GOLD Trend is up on charts; however expect profit booking at rise; therefore best trading strategy would be sell current market price or at rise… Intraday Resistance : 30125 / 30162 / 30221 / 30300 Intraday Support : 30005 / 29968 / 29909 / 29810

5. SILVER Near term down trend is broken on charts; whereas next resistance is expected at 57575… Best trading Strategy: Buy on dips…. Intraday Resistance : 56259 / 56518 / 56925 / 57613 Intraday Support : 55423 / 55164 / 54757 / 54070

6. CRUDE OIL - COMMODITY As expected a small rally in last 4 days which is considered as a technical bounce on a down trend; results trading strategy still remains the same sell on rise…. Intraday Resistance : 4738 / 4749 / 4766 / 4799 Intraday Support : 4700 / 4690 / 4675 / 4648

7. 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 55.00 Intraday Resistance : 55.45 / 55.50 / 55.56 / 55.70 Intraday Support : 55.28 / 55.23 / 55.16 / 55.03

8. S&P 500 - 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….

9. Monday – Friday Trading Strategy. Sr No.SymbolActionCMPTargetStoploss 1DIVISLABSELL909885920 2JET AIRWAYSSELL305295309 3JINDALSTEELSELL430410439.90 4CENTURYTEXSELL261249267 5NCCSELL29.5527.8030.30

10. Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1DIVISLABSELL909- 11.00SL TRIGGERED 2JET AIRWAYSSELL305- 4.00SL TRIGGERED 3JINDALSTEELSELL430410+20 TARGET ACHIEVED 4CENTURYTEXSELL261263-3HOLD 5NCCSELL29.5529.90-0.35HOLD