LET THE MARKET TELL WHO WE ARE

Gold: currently trading at 1787.43, day trading range will remain between 1760-1805, trend is up. Immediate support placed at 1778 a failure below 1778 will take it to 1772-1766 but 1760 will remain key support for the day and break below 1760 is less likely. Major resistance seen at 1805 above that rally till 1820-1832 area can’t be ruled out for short term. Silver: currently trading at 36.95 day trading range will remain between 36-38.40; trend will remain up for the day. Yesterday silver has broken out its critical resistance of 35.70 and made 37.20 as day high. Immediate support placed at 36.60 failures below 36.60 may take it to 36.20-36 but 36 can act as good support for the day. No major resistance seen till 38.40 that is likely to taste in very short term. Overall this rally is open till 38.20-42 area in short term. 

Gold: currently trading at 1768.58 day trading range will remain between 1740-1805 intraday trend will remain sideways. Gold is trading above its critical resistance of 1763 that has become support now. Till gold trading above 1760 zones looking good and likely to taste 1796-1805 during this swing. Failure below 1760 may take it to 1752 zones. 1740 will remain key support on intraday basis. But failure below 1760 is also very less likely. Silver: currently trading at 35.40 day trading range will remain between 34-36.20; intraday trend will remain sideways with negative bias. Silver is moving in a range between 35-35.70. healthy closing above 35.70 would signal 36.20 and more upside for the day. Immediate support placed at 35 failures below 35 will take it to 34.60-34.40 area. But 34 will remain key support for the day. 

Gold: currently trading at 1777.58, weekly trading range will remain between 1700-1920, trend is up. Intraday trading range will remain between 1760-1805, trend is up. Gold trading between ranges 1760-1800 and having multiple resistances before a fresh breakout. Immediate support placed at 1770 till gold trading above this level it is likely to move between a range of 1770-1788 above 1788 will try to move towards 1796-1805. A successful close above 1805 would signal a clear bullish break and would offer 1920 as target for short term. A failure below 1770 will take it to 1763-1752-1733 but we are trading in uptrend so break below 1770 is less likely. 1733 will remain key support for the day. Buying on decline will be good strategy for the day. Silver: currently trading at 35.54 weekly trading ranges will remain between 32.40-38.85, trend will remain up. Daily trading range will remain between 34.50-36.95 trend will remain up. Silver is struggling near critical resistance of 35.70...

Gold: currently trading at 1779.13, day trading range will remain between 1740-1800, intraday trend will remain sideways. Gold is likely to move between ranges of 1770-1788. Immediate support seen at 1776 break would take it to 1770-68 zones. 1768 is key support zone. Failure below this may take it to 1760-1750 zones for the day. Short term, midterm and long term trend will remain up for targeting 1800-1925-2060. Silver: currently trading at 35.42, day trading range will remain between 34-36, intraday trend is up. Immediate support placed at 35.20 till silver trading above this mark it is likely to move towards 35.65-36 zones. Consolidation above 35.70 areas would offer 38 as near term target for silver otherwise short term reversal can’t be ruled out from resistance zones of 35.70-36. Failure below 35.20 would offer 34.90-34.40 as target zones for short sellers. Today 35.20-35.10 zones will play important role for silver. Short term and midterm trend are up and offering 38-40 z...

Natural gas March contract on mcx currently trading at 139.70, symmetric triangle has appeared at the lower end of current bearish swing breakout above 143.20 would offer 148.30- 160- 172 as target for this move. 14 periods RSI above 50 line supporting bullish expectations. Prices are currently moving between short term and midterm moving average and taking support at short term moving average that is around 133 consolidations above midterm moving average that is around 142 would signal a bullish move for retest of long term moving average that is around 176. For this bullish view 133 will remain key support in case of failure of this pattern 143.10 area will turn in to strong resistance zones and fall till 125.20-117.50 can’t be ruled out. Today inventory expectations are -146B that is also supportive for bullish view. Recommendation: buying around 135-137 for targeting around 148-160-170 with stop loss of 133 on might be appropriate daily closing basis. 

Gold: currently trading at 1773.71, day trading range will remain between 1740-1805, trend is bullish. Yesterday gold has broken out its midterm resistance of 1763 and nicely jumped till 1781.82 zones. Today 1748 will remain key support. Immediate support seen at 1768 below this 1760-1752 can’t be ruled out. Major resistance only 1805 consolidation above 1805 would signal rally till 1920-2060 in coming days. Silver: currently trading at 34.24, day trading range will remain between 33.80-35.20, trend is bullish. Immediate support placed at 33.80 failures may invite bears in this counter till trading above 33.80 silver is looking bullish and likely to taste 34.45-35.20-35.70 during this rally. 34.50 is key resistance in silver we need consolidation above this level to confirm further upside. 

Gold : currently trading at 1754.77, day trading range will remain between 1720-1765 trend is up. Immediate resistance seen at 1763 and gold is likely to taste 1745-1738 zones before further upside. Short term technical indicators with overbought reading supporting retest of 1745-1738 zones. 1730 intraday down side only possible below 1730-1728 zones otherwise jump can’t be ruled out from 1742-1738 zones. Silver: currently trading at 34.19, day trading range will remain between 33-35.20, trend will remain up. Immediate resistance seen at 34.50 till silver trading below this level retest to 34-33.70 can’t be ruled out. 33.30.33.20 zones will remain key support for the day, and jump can’t be ruled out after intraday correction. Consolidation above 34.50 zones would signal a rally till 35.70-36 zones for short term. 

Gold: currently trading at 1734.67, expected day trading range 1700-1755, trend is sideways with positive bias. Gold moving between ranges of $10 since yesterday. Immediate support seen at 1728 break will take it to 1717-1708 zones but 1700 will remain key support for short term. Immediate resistance seen at 1738 break would signal retest to 1748-1755 zones. Consolidation above 1755 would signal resumption to bullish move and 1800 will be next destination for gold. Silver: currently trading at 33.56 expected trading ranges for the day is 32.90-34.50, trend is sideways. Silver moving in a range between 33.30-33.70 since yesterday and was not able break this range to signal a clear trend. Immediate resistance seen at 33.70 breaks above 33.70 would signal retest to 34.05 zones. 34.05 is also an important resistance break above this level would signal retest to 34.40-34.50 zones. consolidation above 34.50 would signal an advance till 35.70 for short term. Immediate support at 33.30 ...

Sign of harmonic structure has appeared on 240 minute chart of NATURAL GAS MCX which completes at 157. There are 2 hurdles at 135 and 142 consolidation above 142 would signal 157 to complete this structure. Recently it has broken a trading range 118-129 and nice follow up buying suggesting smart money is coming back in this counter. We have entered in this counter at 129 for expected targets around 141 and 157 in short term with stop loss of 124. 

Gold: currently trading at 1731.45 yesterday again nice jump seen from 1700 important support level as we have written in our previous update. Day trading range will remain between 1700-1755, trend will remain sideways. Immediate resistance at 1734 break would take it to 1738-1740 if manage to hold above 1740 for some time then 1755-1765 zones will be intraday destination daily close above 1764 would signal continuation in trend and 1805 will be next destination in short term. Immediate support placed at 1726 break will take it to 1718-1712 for the day. 1700 will remain key support for short term. Silver: currently trading at 33.46 day trading range will remain 32.90-34, trend will remain sideways. Silver moving in a rectangle after a bull run from 26 to 34.40 and support of this rectangle at 32.90 and resistance is at 34.50 till it gives a clear direction we will see sideways move between ranges of 32.90-34.50. Immediate resistance at 33.60 break will take it to 34 zones 34.06 ...

Gold: currently trading at 1723, day trading range will remain between 1700-1755 trends sideways with negative bias. Yesterday nice selling pressure seen from expected resistance area of 1738. Immediate support seen at 1720 failure would take it to 1713 and more down side key support will remain at 1700 failure below 1711 may take it to 1708-1704 but 1700 will remain important to watch. Immediate resistance at 1726 above this 1732-1740 expected for the day. 1755 will remain key resistance for week. Silver: currently trading at 33.31, day trading range will remain between 32.90-34.40 trend sideways. Silver moving between range of 32.90-34.40 and 32.90 is looking very strong support. Till silver trading above 32.90 likely move upside but failure would signal failure in trend and silver may fall till 32.30-31.50 in coming days. Immediate resistance seen at 33.50 breaks above 33.50 will take it to 33.90-34.03. key resistance for the day and week is 34.40 on consolidation basis. ...

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 s...

Gold: currently trading at 1717.90 day trading range will remain between 1700-1755, very short term trend down. Immediate support seen at 1713 failure would signal intraday decline till 1705-1703 and 1700 will remain key support. Consolidation below 1700 would signal a decline till 1685-1670 zones for this corrective phase. Immediate resistance placed at 1724 consolidation above 1724 would take it to 1732 but 1732-35 zones will remain key resistance area for further upside that will take it to 1742-1755 zones and 1755 is key resistance on weekly basis. Silver: currently trading at 33.55 day trading range will remain between 32.90-34.06 immediate supports placed at 33.40 down side only possible below this otherwise jump can’t be ruled out and intraday consolidation expected between 33.40-34 range. Major resistance for the day is 34.06 consolidations above that would take it to 34.40 zones but key resistance at 34.60 for the week. Very short term trend sideways with 32.90 as stron...

Gold: currently trading at 1728, weekly trading range will remain between 1640-1805 with positive bias. Day trading range will remain between 1710-1755 with sideways momentum. Immediate resistance seen at 1736 consolidation above 1736 would signal intraday incline till key resistance level of 1755 for the day. Immediate support seen at 1720 failure would signal failure in intraday swing and it will try to taste 1712-1705 zones during the day. 1702 will remain key support failure would confirm 1686-1668 zones for this corrective phase. Silver: currently trading at 33.77, weekly trading range will remain between 31.30-35.70 with positive bias. Intraday trading range will remain between 32.90-34.50 trend will remain sideways for the day. Immediate resistance seen at 34.07 if manage to hold above 34.07 then retest to 34.40-34.50 zones can’t be ruled out but for further upside we need consolidation above 34.50 zones that will open trading range for 35.20-35.70 in very short term. 35....

Gold: currently trading at 1731.06, trend down, day trading range will remain between 1704-1755. Immediate support at 1724 break would take it to 1717-1711-1705 for the day. Immediate resistance placed at 1736 a breach of this level would signal intraday rally till 1741-1751 and 1763 would remain key resistance for the day. Consolidation above 1763 would for 1795-1805 as primary targets otherwise it is likely to correct till 1706-1686 zones till not manage to close above 1763. Silver: currently trading at 33.85 day trading range will remain between 32.90-34.40, trend is down. Immediate resistance placed at 34.05 breaks above 34.05 would signal intraday consolidation between ranges of 33.80-34.40, till trading below 34.05 it is likely to taste 33.60-33.20 for the day 32.90 will remain key support and failure below 32.90 would signal short term bearishness in silver. Key resistance will remain at 34.60 for the day consolidation above 34.60 would signal resumption to bullish move a...

There is a sign of harmonic structure has appeared on daily chart of NIFTY FUT which completes at 5499, consolidation above this level may result in an extended rally up to 5650 and more. Stochastic oscillator with overbought reading suggesting reversal is likely and correction may start any time that would offer 5250-5230 zones as target area. 

Gold: currently trading at 1732.55, trend will remain down till it is trading below 1735, between 1735-1762 our outlook will remain neutral on this counter consolidation above 1763-64 zones would confirm establishment of fresh move that will take it to 1805. Day trading range will remain between 1710-1765. Immediate support seen at 1724 failure would offer 1714-1706-1686 as targets for bearish swing. Immediate resistance placed at 1736 penetration would signal incline till 1742-1748 zones, if manage to hold 1750 then retest of 1760-62 zones can’t be ruled out. Silver: currently trading at 33.89, outlook will remain bearish till it is trading below 34.50. day trading range will remain between 32.90-34.50. Intraday resistance zones are 34.05-34.15 if manage to hold above these levels then retest of previous high can’t be ruled out. Immediate support seen at 33.70 break will open door for 33.20-32.90 zones. Further down side will confirm below 32.90 and failure on this bullish swin...

Crude is moving in a descending parallel channel and constructed a bearish bat harmonic structure all these factors are suggesting 100 zones as per strong resistance zones and bearish crossover on stochastic with our bought reading suggesting that reversal is near and resumption to down trend is likely till crude oil is trading below 100. Technical Recommendation: Selling around 99.80-100 zones with stop loss above 101.30 zones on 240 minute closing basis for expected target around 95.50-92 would be a good trading decision.

Gold: current price is 1746 day trading range will remain between 1710-1765, trend up. Immediate support seen at 1738 failure below 1738 will take it to 1734-1728 for the day. 1715 will remain key support for the day, failure below 1715 would signal failure in fresh bullish swing. Resistance seen at 1763 a close above 1763 on 240 minute closing basis would offer 1795-1805 zones as target for this bullish swing. Silver: current price is 34.10 trading range will remain between 33-35.20 trend is up, immediate support seen at 33.80 break below this is less likely, if manage to break 33.80 then 33.50-33.10 will be next destination 32.90 will remain key support for this swing. Major resistance seen at 34.40 break above 34.40 would offer 35.20-35.70 zones as target. 

Gold: currently trading at 1720.54, day trading range will remain between 1700-1740, trend is down. Immediate resistance seen at 1725 penetration above this level would signal an advance till 1736-1740 zones. 1745 will remain key resistance for the day. Immediate support seen at 1717 break would signal retest 1712-1711-1704 for the day. 1700 will remain key support failure would offer 1688-1675 as target for this correction. Silver: currently trading at 33.56 day trading range will remain between 32.90-34.10, trend down. Immediate resistance seen at 33.90 if manage to hold above this then retest to 34.10-34.40 zones can’t be ruled out, break below 33.50 would signal intraday weakness and 33.10-32.90 will be next levels to watch. Till silver trading below 34 it is likely to taste 32.75 zones during this swing 32.90 is a level where that will act as strong support break below 32.90 fall expected till 32.50 zones.

Gold: currently trading at 1736.35, weekly trading range will remain between 1670-1805, trend is up, intraday expected trading range will remain between 1710-1765 very short term trend will remain down. Immediate resistance seen at 1745 break above that is less likely. If manage to break and hold then rise till 1755-60 area can’t be ruled out 1763 will remain key resistance for this corrective phase and till gold trading below 1763 it is likely to correct up to 1716-1706-1686 zones. Immediate support at 1732 break would confirm 1725-1717-1712 for intraday. Silver: currently trading at 33.63, weekly trading range will remain between 30.30-35.70, trend sideways. Intraday trading range will remain between 32.80-34.20 trends down. Immediate resistance placed at 33.80 above this silver will try to taste 34.10-34.20 zones during the day.  Till trading below 33.80 day trading range will remain open for 33-32.90 zones to retest. 32.80 will remain key support for short term failure be...

Gold: currently trading at 1755.70, yesterday it has been done our 1st long awaited target of 1760, day trading range will remain between 1700-1810, trend is up and this wing is open for 1772-1785-1805 zones. Trading in overbought territory on daily charts so a short term reversal can’t be ruled out any time that will take it to 1700-1680 zones. immediate support seen at 1749 break would signal retest of 1740 zones if manage to break and hold below 1738 zones then sharp selling can’t be ruled out. 1762 will remain immediate resistance further upside till said resistance zones are only possible above that level. Silver: currently trading at 34.15, yesterday silver has broken its very short term resistance of 34 and nicely close above that level and opened door for 35.20-35.70 in short term. Intraday trading range will remain between 33.40-35.20 trend is up and trading in overbought territory so reversal is likely from resistance area of 35.20-35.80 zones. Immediate resistance see...

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. 

Gold: currently trading at 1739, day trading range will remain between 1710-1760, trend up and this swing is open for 1760 zones. Yesterday nice selling pressure seen on upper band as we were expecting and gold made 1726 as day low during fall. Immediate resistance seen at 1742 breakout would take it to 1747-1755 zones. Immediate support seen at 1733 break would signal intraday fall till 1726-1717-1711. Key support will remain at 1700 for this week. Silver: currently trading at 33.22 day trading range will remain between 32.70-34, very short term trends down. Immediate resistance seen at 33.30 breaks above would signal intraday rise till 33.50-34 but 34 will remain key resistance and silver is likely to taste 32.50 zones before further upside. Immediate support seen at 33.10 break would signal retest to 32.80-32.40 zones for the day.