Bullion Intraday Road Map for Feb 02, 2012

Gold: currently trading at 1748.20 day trading range will remain between 1710-1770 having stiff resistance in 1752-1753 zones break above 1753 would take it to 1760-1765 during the day. this rally is open for 1750-1805 but some technical indicators showing overbought reading on daily chart, that are suggesting reversal is likely from upper levels so it’s time to be careful. Immediate support seen at 1739 break would signal 1733-1727-1717 for day. 1700 will remain key support for this week.

Silver: currently trading at 33.74, day trading range will remain between 32.70-34.20, trend up. Silver having stiff resistance around 34 if manage to hold above this then rally will continue remain continue for 35.20-35.70 zones. Immediate support seen at 33.45 breaks would signal decline till 33.20-32.95 and 32.70 will remain key support below 32.70 silver may decline till 32-31.50 zones.

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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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