WEEKLY BULLION OUTLOOK FOR 06-13 JAN 2017

BUY GOLD FEB @ 27850 SL 27700 TGT 27980-28100.MCX

BUY SILVER MAR @ 40200 SL 39900 TGT 40540-40800.MCX

Gold: Gold trading range for the day is 27711-28097.

Outlook: Technically market is under fresh buying as market has witnessed gain in open interest by 4.21% to settled at 7224 while prices up 266 rupee, now Gold is getting support at 27830 and below same could see a test of 27711 level, And resistance is now likely to be seen at 28023, a move above could see prices testing 28097

	R2	R1	S1		S2	TREND
GOLD	28100	28000	27800		27500	SIDEWAYS

Silver: Silver trading range for the day is 40135-40835.

Outlook:  Technically market is under fresh buying as market has witnessed gain in open interest by 0.9% to settled at 13066 while prices up 181 rupee, now Silver is getting support at 40292 and below same could see a test of 40135 level, And resistance is now likely to be seen at 40642, a move above could see prices testing 40835.

	R2	R1	S1		S2	TREND
SILVER	41000	40500	40000		39800	SIDEWAYS