Gold  

Range:-47200-45750

Fundamentals of the day

6:00 PM CPI & CORE CPI

11:30 PM FOMC statement

                 Federal Fund Rates

                 Federal Budget Balance

As per economic fundamentals as we satiated continuously be in Buy on Dip in Gold rather than sell . If u had buy gold @ or below 45750 or 46000 a one has to take support 44750 only thats a 1000 point down only. Which says 1 Lac rupee investment. So we prefer to stay in buy – keep jobbing in buy is better idea rather then selling.

Momentum Call:- Sell Gold 46740 for the target 46350 with sl 46850

Our Preference:- Sell Gold 47200 for the target 46560 with sl 47400

Alternative Scenario:- Buy Gold above 45750+ for target 46400 with sl 45600

Silver

Range:– 48270-47200

Our Preference:- Sell Silver 48270 for the target 47600 with sl 48600

Alternative Scenario:- Buy Silver 48650+ for target 49065 with sl 48350 

We prefer to Silver also remain in buy with backup buy 45800