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Technical Desk Daily Market Update.. Nse Index On charts trend is down; however expect a technical bounce; whereas strong resistance is expected at 5020.

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Presentation on theme: "Technical Desk Daily Market Update.. Nse Index On charts trend is down; however expect a technical bounce; whereas strong resistance is expected at 5020."— Presentation transcript:

1 Technical Desk Daily Market Update.

2 Nse Index On charts trend is down; however expect a technical bounce; whereas strong resistance is expected at 5020 / 5060 therefore best trading strategy would be buy on dips… Intraday Resistance : 4999 / 5015 / 5028 / 5050 Intraday Support : 4981 / 4967 / 4952 / 4930

3 Bank Nifty Index Trend is down on charts; however expect a technical bounce in near term whereas strong resistance is expected at 9999.00. Best trading strategy would be buy at dips…. Intraday Resistance : 9731 / 9767 / 9804 / 9863 Intraday Support : 9685 / 9649 / 9612 / 9553

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 29293. Intraday Resistance : 28934 / 28980 / 29052 / 29175 Intraday Support : 28784 / 28738 / 28666 / 28543

5 SILVER Near term trend is down; therefore strategy still remains the same. Best trading Strategy: Sell on rise…. Intraday Resistance : 54222 / 54382 / 54634 / 55059 Intraday Support : 53706 / 53546 / 53294 / 52869

6 CRUDE OIL - COMMODITY Trend is down on charts; expect a technical bounce in near term whereas strong support is expected at 5047 & strong resistance is at 5224. Trading Strategy: Buy at dips… Intraday Resistance : 5110 / 5119 / 5132 / 5154 Intraday Support : 5084 / 5075 / 5062 / 5040

7 USD/INR Trend is up on charts; however near term expect some profit booking… Intraday Resistance : 55.80 / 55.87 / 55.98 / 56.16 Intraday Support : 55.56 / 55.49 / 54.38 / 55.20

8 S&P 500 - AMERICA As expected a technical bounce in near term. 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.SymbolActionCMPTargetStoploss 1INFYBUY237324322330 2INDIAN BANKSELL172.75167175 3ONGCSELL257251260.50 4OPTOCIRCUITSELL166161170 5TATAGLOBALBUY108115105

10 Mon-Fri status M2M Sr NoSymbolAction Entry Point CMPP&LStatus 1INFYBUY23732400+27HOLD 2INDIAN BANKSELL172.75173-0.25HOLD 3ONGCSELL257256+1HOLD 4OPTOCIRCUITSELL166 0HOLD 5TATAGLOBALBUY108110+2HOLD


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