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SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update. SATCO CAPITAL MARKET LTD. Nse Index. Markets are expected to be range bound in near term with high volatility. Best trading strategy would be sell near resistance and buy near support until it gives a clear trend.

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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 • Markets are expected to be range bound in near term with high volatility. Best trading strategy would be sell near resistance and buy near support until it gives a clear trend. • Intraday Resistance : 4886 / 4901 / 4926 / 4967 • Intraday Support : 4835 / 4820 / 4795 / 4755

  3. Bank Nifty Index • Range bound on charts ; expect index to be volatile… • Intraday Resistance : 9332 / 9372 / 9435 / 9538 • Intraday Support : 9205 / 9166 / 9102 / 9000

  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 : 29178 / 29231 / 29293 / 29314 • Intraday Support : 29006 / 28953 / 28870 / 28830

  5. SILVER • Near term trend is down; therefore strategy still remains the same. • Best trading Strategy: Sell on rise…. • Intraday Resistance : 54686 / 54868 / 55155 / 55338 • Intraday Support : 54098 / 53916 / 53630 / 53190

  6. CRUDE OIL - COMMODITY • Trend is down on charts; expect a technical bounce in near term whereas strong support is expected at 4920 & strong resistance is at 5224. • Trading Strategy: Buy at dips… • Intraday Resistance : 5146 / 5154 / 5166 / 5187 • Intraday Support : 5120 / 5112 / 5100 / 5080

  7. USD/INR • Trend is up on charts, however slightly over bought on charts, expect a technical correction… • Intraday Resistance : 55.58 / 55.70 / 55.89 / 56.20 • Intraday Support : 55.20 / 55.08 / 54.89 / 54.58

  8. S&P 500 - AMERICA • As expected a technical bounce in near term has been patterned on charts. Best trading strategy would still be buy at dips with a strict stoploss of 1290 as per closing basis…

  9. Monday – Friday Trading Strategy.

  10. Mon-Fri status M2M

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