SATCO CAPITAL MARKET LTD.

Technical Desk Daily Market Update.

Nse Index

Near term trend is up on charts, however expect some profit booking at rise whereas next strong resistance is expected at 5160.Intraday Resistance : 5143 / 5159 / 5186 / 5230Intraday Support : 5089 / 5072 / 5046 / 5000

Bank Nifty Index

Near term trend is positive; expect some profit booking on charts whereas strong support is expected at 9700. Intraday Resistance : 10201 / 10240 / 10302 / 10402Intraday Support : 10077 / 10039 / 9977 / 9876

GOLD

Pattern on charts indicates that selling pressure would be witnessed on rise; therefore best trading strategy would be sell on rise…Intraday Resistance : 30053 / 30106 / 30188 / 30328Intraday Support : 29883 / 29830 / 29748 / 29608

SILVER

Range bound on charts (56337 – 53557), trade & close above / below would add trigger in the direction.Intraday Resistance : 55251 / 55359 / 55529 / 55816Intraday Support : 54901 / 54793 / 54623 / 54336

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. Intraday Resistance : 4659 / 4673 / 4694 / 4730Intraday Support : 4617 / 4600 / 4582 / 4568

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 : 412 / 413 / 415 / 420Intraday Support : 410 / 408 / 406 / 403

USD/INR

Near term trend is expected to be Range bound (55.91 – 54.90). Trade & close above / below would add trigger in the direction. Best trading strategy would be sell near resistance & buy near support until we get a clear trend on charts….Intraday Resistance : 55.90 / 56.05 / 56.20 / 56.35Intraday Support : 55.70 / 55.60 / 55.45 / 55.05

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 ABAN BUY 348 358 344

2 STERLITE BUY 100.60 105 97

3 LARSEN BUY 1309 1345 1295

4 DIVISLABBUY

ABOVE 952

952 980 944

5 YESBANK BUY 345 355 341

Mon-Fri status M2M

Sr No Symbol ActionEntry Point

CMP P&L Status

1 ABAN BUY 348 +10.00Target

achieved

2 STERLITE BUY 100.60 +4.00 Target achieved

3 LARSEN BUY 1309 1283 - 14.00 Sl triggered

4 DIVISLABBUY

ABOVE 952

952 933 HOLD

5 YESBANK BUY 345 348 HOLD