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SATCO CAPITAL MARKET LTD.

Technical Desk Market Update. SATCO CAPITAL MARKET LTD. Nse Index. Major supports violated on near term charts Trading Strategy: Sell on rise Intraday Support : 4968 / 4948 / 4917 / 4864 Intraday Resistance : 5032 / 5052 / 5083 / 5136. Bank Nifty Index.

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SATCO CAPITAL MARKET LTD.

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

  2. Nse Index • Major supports violated on near term charts • Trading Strategy: Sell on rise • Intraday Support : 4968 / 4948 / 4917 / 4864 • Intraday Resistance : 5032 / 5052 / 5083 / 5136

  3. Bank Nifty Index • Major supports violated on near term charts • Trading Strategy : Sell on rise • Intraday Resistance : 9683 / 9741 / 9834 / 9888 • Intraday Support : 9495 / 9437 / 9343 / 9300

  4. GOLD • Near term trend is down, strong support is expected at 28350 • Trading Strategy: Sell on rise • Intraday Support : 28564 / 28510 / 28425 / 28281 • Intraday Resistance : 28738 / 28792 / 28877 / 29021

  5. SILVER • Near term trend is down, strong support is at 54426 • Trading Strategy: Sell on rise… • Intraday Resistance : 55357 / 55494 / 55711 / 56076 • Intraday Support : 54913 / 54776 / 54559 / 54194

  6. CRUDE OIL - COMMODITY • Near term technical bounce could be expected… • Trading Strategy: Buy at dips with a strict stoploss of 5043 • Intraday Resistance : 5176 / 5186 / 5201 / 5226 • Intraday Support : 5146 / 5136 / 5121 / 5096

  7. USD/INR • Strong support is expected at 52.58, close below would attract panic • Trading Strategy: Sell on rise • Intraday Resistance : 53.30 / 53.40 / 53.50/ 53.80 • Intraday Support : 53.00/ 52.90 / 52.70 / 52.50

  8. S&P 500 - AMERICA • Trend is Positive on charts whereas strong support is expected at 1358; close below this level would attract fresh selling pressure. Best trading strategy would be to buy near support…

  9. Intraday calls suggested yesterday…. Please Note: If anyone traded on our Intraday recommendation than gross profit would have been Rs. 8500/-

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