LET THE MARKET TELL WHO WE ARE

Gold:  closed at 27793, trading range 29580-30050, trend sideways with bullish bias. Today 29780-800 zones will remain as trend decider stability above 29800 will be supportive for buyers and gold will try to head 29860 zones. Stability above 29870 may take it to 29915-30000 zones. Key resistance will remain at 29930 for the day. Stability below 29780 will remain supportive for bears and gold may head towards 29730-29660 key support will remain at 29590. Silver: closed at 53217, trading range 52600-53600, trend is sideways. Today 53300 will remain trend decider stability below 53300 will remain supportive for sellers and silvery may hit 53050-52880 for the day. key support will remain at 52200 on daily closing basis. Above 53300 if silver manage to hold then it will try to hit 53550 zones minor resistance seen at 53600 stability above this level will take it to 53850-54000 key resistance will remain at 54500 for short term. 

Gold: closed at 29268, trading range 29100-29400, trend sideways. Immediate support seen at 29250 failure will take it to 29200-29160 key support for short term will remain at 29100 failure may take it to 28950-28800. Stability above 29250 will remain supportive for bulls and gold will try to head 29330-370 zones. key resistance will remain at 29400 stability above 29400 will trigger short term recovery that will take it to 29650-700 zones. Silver: closed at 52767, trading range 52000-53900, trend sideways. Immediate support seen at 52580 failures may trigger intraday weakness and silver will try to head towards 52250 zones. Key support will remain at 52000 for short term failure will take it to 51850-51250-50000. Stability above 52580 will remain supportive for intraday bulls and silver will try to head towards 53000-53300 but 53300 may act as good rest stability above 53300 would offer 53600-53850 as target areas. 

I was just spending time with charts for some good trading ideas for special session of mhurat trading. I visited to daily chart of  Dow Jones ind avg.and found a nice failure of bullish swing near resistance area with a bearish bar reversal confirmation followed by stochastic over bought readings. As per these conditions it seems that today’s trading day can prove a good reversal. Failure near important resistance line with fundamental confirmation of worst consumer confidence data are suggesting that today’s day can be a final day for this bullish move and trend can reverse. All these conditions are suggesting that we have to trade with negative outlook during mhurat trading in domestic markets.   I will post another pitch report after Asian market closing . If you feel that these updates are really helpful for you then don't forget to leave your valuable feedback.