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Technical Desk Daily Market Update.. Nse Index Sharp rally from the lows indicate a technical bounce in near term whereas stiff resistance is expected.

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Presentation on theme: "Technical Desk Daily Market Update.. Nse Index Sharp rally from the lows indicate a technical bounce in near term whereas stiff resistance is expected."— Presentation transcript:

1 Technical Desk Daily Market Update.

2 Nse Index Sharp rally from the lows indicate a technical bounce in near term whereas stiff resistance is expected at 4940. Intraday Resistance : 4869 / 4882 / 4900 / 4940 Intraday Support : 4827 / 4815 / 4794 / 4760

3 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 9500. Intraday Resistance : 9432 / 9475 / 9545 / 9600 Intraday Support : 9292 / 9250 / 9180 / 9070

4 GOLD Trend is up on charts; however expect profit booking at rise. Intraday Resistance : 29972 / 30000 / 30058 / 30145 Intraday Support : 29864 / 29831 / 29779 / 29691

5 SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : 54030 / 54148 / 54332 / 54650 Intraday Support : 53649 / 53531 / 53345 / 53034

6 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

7 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 : 55.75 / 55.80 / 55.90 / 56.10 Intraday Support : 55.55 / 55.45 / 55.30 / 55.05

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 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 3JINDALSTEELSELL430417+13HOLD 4CENTURYTEXSELL261263-3HOLD 5NCCSELL29.5529.90-0.35HOLD


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