SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update.

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 / 4967Intraday Support : 4835 / 4820 / 4795 / 4755

Bank Nifty Index

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

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 / 29314Intraday Support : 29006 / 28953 / 28870 / 28830

SILVER

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

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 / 5187Intraday Support : 5120 / 5112 / 5100 / 5080

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 / 56.20Intraday Support : 55.20 / 55.08 / 54.89 / 54.58

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…

Monday – Friday Trading Strategy.

Sr No. Symbol Action CMP Target Stoploss

1INDUSIN

BANKBUY 305 314 298

2 ABAN BUY 367 378 360

3 OFSS SELL 2397 2326 2430

4 IGL SELL 205 198 208

5 JSWSTEEL BUY 599 618 584

Mon-Fri status M2MSr No Symbol Action

Entry Point

CMP P&L Status

1. INDUSIN BANK BUY 305 +9TARGET

ACHIEVED

2. ABAN BUY 367 +11TARGET

ACHIEVED

3. OFSS SELL 2397 2418 - 21

4. IGL SELL 205 206.45 -1.45

5. JSWSTEEL BUY 599 +19TARGET

ACHIEVED