Bullion Intraday Road Map for Feb 15, 2012

Gold: currently trading at 1724.91day trading range will remain between 1700-1755, very short term trend will remain sideways with positive bias. Yesterday nice bounce seen from important support zones of 1710 that is suggesting 1708-1710 zones as very strong support areas. Immediate resistance seen at 1728 break would signal continuation in current swing that will take it to 1733-1739 zones for the day. Intraday reversal may take place around 1738-1742 zones. Immediate support seen around 1718-20 break would take it to 1712-1710 zones. 1710 will play an important role for intraday.

Silver: currently trading at 33.64 day trading range will remain between 32.90-34 very short term trend is sideways. Immediate support seen at 33.58 and important resistance at 33.90 break below 33.58 may take it to 33.30-33.05 for the day. a cross and consolidation above 33.85 would signal intraday recover that will take it to 34.05-34.40 area. Key resistance for the week will remain at 34.65 till silver trading below 34.65 zones it is likely to taste 32.40-31.50 areas.

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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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