YESTERDAYS CALL UPDATE:

GOLD HIT TGT 29900 MADE HIGH OF 29876 !!!

silver HIT TGT 42200 MADE HIGH OF 42137!!!

BUY GOLD DEC @ 29800 SL 29900 TGT 30020-30150.

BUY SILVER DEC @ 42200 SL 41700 TGT 42350-42600.

Gold: Gold trading range for the day is 29646-30122. Gold rose as the dollar weakened amid uncertainty around the timing of a U.S. interest rate increase U.S. inflation, which has under-run the Federal Reserve's 2-percent target for years, is "likely firming," Dallas Fed President Robert Kaplan said. Gold prices in India swung to a premium for the first time in nine months as jewellers and dealers ramped up purchases ahead of major festivals

Outlook: Technically market is under short covering as market has witnessed drop in open interest by -2.89% to settled at 7766 while prices up 115 rupee, now Gold is getting support at 29773 and below same could see a test of 29646 level, And resistance is now likely to be seen at 30011, a move above could see prices testing 30122.

	R2	R1	S1		S2	TREND
GOLD	30080	30000	29900		29700	SIDEWAYS

Silver:  Silver trading range for the day is 41813-42667. Silver prices remained supported as a batch of mixed data on the U.S. housing market kept up pressure on the dollar. The Commerce Department said U.S. housing starts unexpectedly slumped 9.0% to hit 1.047 million units last month. Holdings at ishares silver trust gained by 0.24% i.e. 26.57 tonnes to 11294.92 tonnes from 11268.35 tonnes

Outlook:  Technically now Silver is getting support at 42003 and below same could see a test of 41813 level, And resistance is now likely to be seen at 42430, a move above could see prices testing 42667.

	R2	R1	S1		S2	TREND
SILVER	42500	42400	42200		42000	SIDEWAYS