Bullion Intraday Roadmap for Dec 26, 2011

Gold : currently trading at 1606.43 trading range will remain between 1595-1620 not much volatility expected due to festive session in US and EURO ZONE. Immediate resistance seen at 1614 break would signal intraday rally till1620-22 area. 1645 will remain key resistance for the day. Immediate support seen at 1595 break would signal short term decline till 1582-1560. 1550 will remain key support for week and day. Daily and weekly close below 1550 would signal starting of a strong down trend in gold. Expected weekly trading range will remain between 1550-1750. Trend will remain sideways.

Silver: Currently trading at 29.048 expected trading ranges will remain between 28.70-29.75. Break below 29 would signal intraday decline till 28.80-28.75 area. 28 will remain key support for day and week break would signal down move till 26.70-26.50. Key resistance for week seen at 30.30 breakouts above said resistance would signal rally till 32-33 otherwise trend will remain down and silver will remain open for 26.70-23 for coming days. Intraday resistance seen at 29.20 breaks would signal intraday rally till 29.50-29.75 zones.

Comments

First step towards becoming Financial Independent...

Success is not getting a highest paying job but success is when you get enough free time for yourself you can do whatever you want you can go wherever you want to go without concerning about your job and effecting your lifestyle. Generally people waste their early age in preparing for govt. Jobs and they put their energy and time for preparing job but among those only few people get the govt. Jobs and rest stay jobless with wasted time of 3 to 5 years of their graduation and mostly spend their life jobless or with mediocre salary. In India people In their early age after graduation don't have much pressure from family for earning and they usually use this time to prepare for competitive exams for job and take some courses and among them only few people get job and rest remains jobless and then they keep blaming the system for their unemployment. Let's take an example to understand magic of starting earning and saving in early age. Because in ea...

Will Exhaustion Gap Halt the Down Trend in Nifty?

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

#NIFTY #INDEX currently trading at 13438, down by 90 from previous close. Today index has opened gap down and taken out the low placed yesterday at 13449 triggering primary weakness in market for the day. Immediate support is now placed at 13390, retest to this level can’t be ruled out but stability below 13390 will result in to further weakness and then attempt towards 13350-13310 zones can’t be ruled out. Key support will be at 13300 and further stability below that level will bring more weakness. Resistance is now placed at day high which stands at 13488, any sustained move (Less likely) above that level will bring some relief to bulls and then attempt towards 13540-13590 can be seen. On #option_chain heavy #call_writing is being done at 13500-13600 strikes where as short covering is visible in 13450 and 13500 puts whereas longs build up seen in 13400 puts with high volume. Based on current #OI position level of #option_pain stands at 13400 thus based on current data at 10:52AM...

LET THE MARKET TELL WHO WE ARE

Search This Blog