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SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update. SATCO CAPITAL MARKET LTD. Nse Index. Short term trend is down Technical bounce expected …. Trading Strategy: Buy on dips Intraday Resistance : 4920 / 4937 / 4965 / 5011 Intraday Support : 4863 / 4846 / 4818 / 4772. Bank Nifty Index.

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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 • Short term trend is down Technical bounce expected …. • Trading Strategy: Buy on dips • Intraday Resistance : 4920 / 4937 / 4965 / 5011 • Intraday Support : 4863 / 4846 / 4818 / 4772

  3. Bank Nifty Index • Short term trend is down Technical bounce expected …. • Trading Strategy: Buy on dips • Intraday Resistance : 9400 / 9451 / 9500 / 9539 • Intraday Support : 9223 / 9169 / 9082 / 9000

  4. GOLD • Near term trend would still be down; rally witnessed is just a technical bounce in a bear pattern… • Trading Strategy : Sell on rise… • Intraday Resistance : 29084 / 29150 / 29299 / 29445 • Intraday Support : 28862 / 28793 / 28680 / 28501

  5. SILVER • Near term trend is down; however expect a technical bounce… • Best trading Strategy: Sell on rise…. • Intraday Resistance : 54950 / 55175 / 55540 / 56000 • Intraday Support : 54204 / 53975 / 53600 / 53000

  6. CRUDE OIL - COMMODITY • Trend is down on charts; expect a technical bounce in near term whereas strong support is expected at 4920. • Trading Strategy: Buy at dips… • Intraday Resistance : 5016 / 5025 / 5035 / 5052 • Intraday Support : 4994 / 4987 / 4976 / 4958

  7. USD/INR • Trend is up on charts, Buy on dips • Intraday Resistance : 54.74 / 54.94 / 55.25 / 55.60 • Intraday Support : 54.08 / 53.88 / 53.58 / 53.05

  8. S&P 500 - AMERICA • Current market price index is close to its important, expect a technical bounce in near term. Best trading strategy would be buy at dips with a strict stoploss of 1290 as per closing basis…

  9. Monday – Friday Trading Strategy.

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