SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update.

Nse Index

Sharp rally which could be considered as a technical bounce in a down trend could be still be active once Index closes above 5020. Traders watch this level closely as post violation it could open doors for 5160 on charts…Intraday Resistance : 5026 / 5045 / 5074 / 5120Intraday Support : : 4968 / 4950 / 4920 / 4875

Bank Nifty Index

Near term trend is positive; whereas strong resistance is expected at 10000. Best trading strategy would be buy at dips….Intraday Resistance : 9800 / 9840 / 9900 / 10000Intraday Support : : 9683 / 9650 / 9590 / 9550

GOLD

Trend is up on charts; however expect profit booking at rise; therefore best trading strategy would be sell current market price or at rise…Intraday Resistance : 30125 / 30162 / 30221 / 30300Intraday Support : 30005 / 29968 / 29909 / 29810

SILVER

Near term down trend is broken on charts; whereas next resistance is expected at 57575…Best trading Strategy: Buy on dips….Intraday Resistance : 56259 / 56518 / 56925 / 57613Intraday Support : 55423 / 55164 / 54757 / 54070

CRUDE OIL - COMMODITY

As expected a small rally in last 4 days which is considered as a technical bounce on a down trend; results trading strategy still remains the same sell on rise….Intraday Resistance : 4738 / 4749 / 4766 / 4799Intraday Support : 4700 / 4690 / 4675 / 4648

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 : 55.45 / 55.50 / 55.56 / 55.70Intraday Support : 55.28 / 55.23 / 55.16 / 55.03

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….

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