Bullion Road Map for the day Nov 08, 2011

Gold : currently trading at 1792, day trading range between 1760-1820, trend will remain bullish for the day. Immediate support at 1780 retest of 1780 is possible during the day but below 1780 if gold manage to hold for some time then selling pressure may take it to 1760-1748. Immediate resistance at 1795 above 1795 intraday rally will take it to 1805-1815-18. Selling near upper band of day trading range can be good idea for day traders.

Silver : currently trading at 34.80, day trading range 33.75-35.70. Intraday tend will remain sideways. 34.40 is looking nice immediate support below 34.40 it will try to taste lower band of day trading range around 34.10-33.80 major trend fail possible only below 33.75 other wise this swing will remain open for upside targets around 37-39 in short term. Intraday resistance seen at 35 above 35 it will try to head towards 35.60-35.80 zones for the day.

USD/INR: currently trading at 49.285 pair is trading in uptrend and making bullish rectangle after a sharp bullish on move on daily chart. 48.500 will remain key resistance for this pair failure of trend will only possible below this level otherwise this pair will remain bullish and it will try to head towards 52 in short term. intraday expected trading range 48.80-49.60.

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LIC Housing Finance; time for bulls?

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In this video we have explained what NIFTY is likely to do in next few sessions.

Nifty Options Weekly Expiry; MAX PAIN stands at 13400

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LET THE MARKET TELL WHO WE ARE

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