SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update.

Nse Index

Markets are expected to be in range (4770 – 4960) trade above / below would add trigger in the direction…Intraday Resistance : 4875 / 4883 / 4900 / 4920Intraday Support : 4851 / 4840 / 4820 / 4800

Bank Nifty Index

Sharp rally from the lows indicate that bulls would be stronger than bears for near term whereas resistance expected would be around 9500. Intraday Resistance : 9494 / 9516 / 9550 / 9600Intraday Support : 9426 / 9405 / 9370 / 9300

GOLD

Trend is up on charts; however expect profit booking at rise; therefore best trading strategy would be sell current market price with a strict stoploss of 30160.Intraday Resistance : 30050 / 30074 / 30113 / 30177Intraday Support : 29972 / 29948 / 29909 / 29845

SILVER

Near term trend is down; therefore strategy still remains the same.Best trading Strategy: Sell on rise….Intraday Resistance : 54582 / 54669 / 54806 / 55037Intraday Support : 54302 / 54215 / 54078 / 53847

CRUDE OIL - COMMODITY

As expected a small rally in last 3 days which is considered as a technical bounce on a down trend; results trading strategy still remains the same sell on rise….Intraday Resistance : 4704 / 4714 / 4729 / 4755Intraday Support : 4672 / 4662 / 4647 / 4621

USD/INR

Trend is up on charts; however near term it is in narrow range with negative bias, best trading strategy would be sell on rise whereas strong support is expected at 55.00Intraday Resistance : 55.80 / 55.90 / 56.05 / 56.30Intraday Support : 55.50 / 55.40 / 55.26 / 55.01

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 one must grab the opportunity to sell on rise….

Monday – Friday Trading Strategy.

Sr No. Symbol Action CMP Target Stoploss

1 DIVISLAB SELL 909 885 920

2 JET AIRWAYS SELL 305 295 309

3 JINDALSTEEL SELL 430 410 439.90

4 CENTURYTEX SELL 261 249 267

5 NCC SELL 29.55 27.80 30.30

Mon-Fri status M2M

Sr No Symbol ActionEntry Point

CMP P&L Status

1 DIVISLAB SELL 909 - 11.00 SL TRIGGERED

2 JET AIRWAYS SELL 305 - 4.00 SL TRIGGERED

3 JINDALSTEEL SELL 430 410 +20TARGET

ACHIEVED

4 CENTURYTEX SELL 261 263 -3 HOLD

5 NCC SELL 29.55 29.90 -0.35 HOLD