BULLION OUTLOOK FOR 28-29 MARCH

CALL UPDATE: GIVEN ON 24 MARCH

GOLD RAISE SL TO COST FOR FINAL TGT 29100!!!

silver HIT all TGT 42000 MADE HIGH OF 42139!!!

Gold: Gold trading range for the day is 28660-29012. Technically market is under short covering as market has witnessed drop in open interest by -4.99% to settled at 3999, now Gold is getting support at 28734 and below same could see a test of 28660 level, And resistance is now likely to be seen at 28910, a move above could see prices testing 29012. Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

	R2	R1	S1		S2	TREND
GOLD	28950	28860	28700		28600	BULLISH

Silver: Silver trading range for the day is 41472-42478. Technically market is under short covering as market has witnessed drop in open interest by -7.94% to settled at 11633 while prices up 592 rupees, now Silver is getting support at 41797 and below same could see a test of 41472 level, And resistance is now likely to be seen at 42300, a move above could see prices testing 42478. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41417 levels. Traders can go short once Silver Future closes below 41417 levels.

	R2	R1	S1		S2	TREND
SILVER	42250	42150	42000		41900	BULLISH