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SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update. SATCO CAPITAL MARKET LTD. Nse Index. Near term trend is up on charts, whereas next strong resistance is expected at 5160. Intraday Resistance : 5090 / 5103 / 5124 / 5160 Intraday Support : 5047 / 5034 / 5010 / 4980. 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 • Near term trend is up on charts, whereas next strong resistance is expected at 5160. • Intraday Resistance : 5090 / 5103 / 5124 / 5160 • Intraday Support : 5047 / 5034 / 5010 / 4980

  3. Bank Nifty Index • Near term trend is positive; whereas strong resistance is expected at 10600. Best trading strategy would be buy at dips…. • Intraday Resistance : 10051 / 10083 / 10136 / 10220 • Intraday Support : 9947 / 9914 / 9862 / 9778

  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 : 29669 / 29742 / 29858 / 30053 • Intraday Support : 29431 / 29358 / 29242 / 29047

  5. SILVER • Silver on charts has broken strong support at 53759. As trade below this level trigger’s stoploss of recent bullish breakout, therefore trading strategy remains sell on rise… • Intraday Resistance : 54389 / 54506 / 54689 / 54999 • Intraday Support : 54013 / 53896 / 53713 / 53403

  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 4568. Best trading strategy would be sell on rise with a stoploss of 4774. • Intraday Resistance : 4700 / 4717 / 4743 / 4788 • Intraday Support : 4646 / 4629 / 4600 / 4558

  7. COPPER - COMMODITY • Near term trend is down on charts, whereas it is expected to be in a range (415 – 401.80) trade above or below would add trigger in the direction. Best trading strategy would be sell near resistance and buy near support... • Intraday Resistance : 407 / 410 / 412 / 415 • Intraday Support : 403 / 400 / 396 / 391

  8. 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 : 55.55 / 55.62 / 55.75 / 55.95 • Intraday Support : 55.30 / 55.20 / 55.10 / 54.90

  9. 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….

  10. Monday – Friday Trading Strategy.

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