SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update.

Nse Index

On charts trend is down; however expect a technical bounce; whereas strong resistance is expected at 5020 / 5060 therefore best trading strategy would be buy on dips…Intraday Resistance : 4999 / 5015 / 5028 / 5050Intraday Support : 4981 / 4967 / 4952 / 4930

Bank Nifty Index

Trend is down on charts; however expect a technical bounce in near term whereas strong resistance is expected at 9999.00. Best trading strategy would be buy at dips….Intraday Resistance : 9731 / 9767 / 9804 / 9863Intraday Support : 9685 / 9649 / 9612 / 9553

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 : 28934 / 28980 / 29052 / 29175Intraday Support : 28784 / 28738 / 28666 / 28543

SILVER

Near term trend is down; therefore strategy still remains the same.Best trading Strategy: Sell on rise….Intraday Resistance : 54222 / 54382 / 54634 / 55059Intraday Support : 53706 / 53546 / 53294 / 52869

CRUDE OIL - COMMODITY

Trend is down on charts; expect a technical bounce in near term whereas strong support is expected at 5047 & strong resistance is at 5224.Trading Strategy: Buy at dips…Intraday Resistance : 5110 / 5119 / 5132 / 5154Intraday Support : 5084 / 5075 / 5062 / 5040

USD/INR

Trend is up on charts; however near term expect some profit booking…Intraday Resistance : 55.80 / 55.87 / 55.98 / 56.16Intraday Support : 55.56 / 55.49 / 54.38 / 55.20

S&P 500 - AMERICA

As expected a technical bounce in near term. Best trading strategy would still be buy at dips with a strict stoploss of 1290 as per closing basis…

Monday – Friday Trading Strategy.

Sr No. Symbol Action CMP Target Stoploss

1 INFY BUY 2373 2432 2330

2 INDIAN BANK SELL 172.75 167 175

3 ONGC SELL 257 251 260.50

4 OPTOCIRCUIT SELL 166 161 170

5 TATAGLOBAL BUY 108 115 105

Mon-Fri status M2MSr No Symbol Action

Entry Point

CMP P&L Status

1 INFY BUY 2373 2400 +27 HOLD

2 INDIAN BANK SELL 172.75 173 -0.25 HOLD

3 ONGC SELL 257 256 +1 HOLD

4 OPTOCIRCUIT SELL 166 166 0 HOLD

5 TATAGLOBAL BUY 108 110 +2 HOLD