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SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update. SATCO CAPITAL MARKET LTD. Nse Index. Near term trend is up, however it is still very close to its resistance levels of 5060. Today expect markets to be in range & high volatility… Intraday Resistance : 5060 / 5070 / 5082 / 5100

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SATCO CAPITAL MARKET LTD.

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

  2. Nse Index • Near term trend is up, however it is still very close to its resistance levels of 5060. Today expect markets to be in range & high volatility… • Intraday Resistance : 5060 / 5070 / 5082 / 5100 • Intraday Support : 5037 / 5020 / 5000 / 4980

  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 : 10000 / 10022 / 10069 / 10140 • Intraday Support : 9910 / 9880 / 9835 / 9765

  4. GOLD • Pattern on charts indicates that selling pressure would be witnessed on rise; therefore best trading strategy would be sell on rise… • Intraday Resistance : 29520 / 29644 / 29840 / 30070 • Intraday Support : 29115 / 28990 / 28793 / 28461

  5. SILVER • Silver on charts has strong support at 53759. As trade below this level would trigger stoploss of recent bullish breakout. • Intraday Resistance : 54542 / 54821 / 55260 / 56000 • Intraday Support : 53759 / 53640 / 53361 / 52181

  6. CRUDE OIL - COMMODITY • Overall trend is down on charts, any rally would just be considered as technical bounce, whereas stiff resistance is at 4773 & support is at 4520. Best trading strategy would be sell on rise with a stoploss of 4774. • Intraday Resistance : 4717 / 4732 / 4755 / 4793 • Intraday Support : 4671 / 4656 / 4633 / 4595

  7. USD/INR • Near term trend is down on charts, whereas next support is expected at 53.60. Best trading strategy would be sell on rise… • Intraday Resistance : 55.00 / 55.05 / 55.13 / 55.25 • Intraday Support : 54.84 / 54.80 / 54.70 / 54.55

  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.

  10. Mon-Fri status M2M

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