Gold Future

Holding 33250-350 Gold may be bought for 33500 / 33700 /33800

Break below 33250-350 may take it down to 33100/33000

Intraday Update

Movement during the day is somewhat indicative that we are experiencing an X-wave rather than an impulsive 3rd.  Hence if 5240 -5300 holds for Nifty upto Monday one may look for the up move back to the recent highes or more.

Sustaining above 5423 Nifty Future will go to 5480/90 which is a probability by today second half.

BankNifty Spot/Future

Short Near    8750-8850
Target1        8600
Target 2        8500

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Target 2      8750-8850
Target 1      8600

Buy near    8500-8600

* Please follow Stop Loss rule mentioned in the Main Page 

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Revised (After Pre-Market) .............
Nifty Future

Short Near    5365-5385- 5410
Target 1         5320-35
Target1         5280-5310
Target 2        5245-65

Buy  if any of the Targets is supporting
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Target3       5365-85 - 5410
Target 2      5330-50
Target 1      5300-20

Buy near    5265-5285

Sell if any one of the Targets is resisting
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Nifty Spot

5400   key resistance  (5418 Stop Loss)

5240-70 should provide some good support for the day

* Please follow Stop Loss rule mentioned in the Main Page