Bullion Intraday Road Map for Jan 11, 2012

Gold currently trading at 1637.39 expected trading range will remain between 1600-1665 trend will remain up immediate resistance seen at 1645 above that it would signal a rally till 1660-1665 areas for very short term immediate support seen at 1628 break would open trading range for 1619-1605 but 1603-1604 zone will remain very strong support for short term.

Silver: currently trading at 29.97 trading range will remain between 29-31. Trend will remain up, immediate support seen at 29.80 break would single a retest to 29.40 areas that will be good zone to accumulate 29 is looking very strong support for short term and silver may rally till 32-32.20 during this swing. Immediate resistance seen at 30.20 on 240 minute closing basis break would signal intraday rally till 30.80-31. Overall this swing is open till 32-32.20

click here for silver trend analysis.

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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.

LET THE MARKET TELL WHO WE ARE

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