Nifty - weekly outlook.

Weekly pivot - 4894.58
5ema on weekly chart - 5053.41
Nifty can take support near 4747.20.
Failing to do so can lead the fall towards 4624.88.
20 week MA is 5030.60. Bulls can give a try to get weekly closing above it.
To resume the uptrend in next week, nifty needs to go above 5311.00
Weekly trend has become bearish.
There can be very volatile movement in next week.

NIFTY - weekly out look.

Weekly Pivot - 5240.75

If nifty is not able to bounce back from 5181.00, it can test 5109.80. Panic situation can lead it towards 5050 levels.

On upside nifty has the resistance at 5288.71, 5311.95. Nifty can be very bullish above 5324.22. Above 5324.22, it can test 5371.70.

20 week moving average is 5010.00.

Nifty can continue its uptrend till it is above 5812.00 in this week.

GOLD point & figure 60 min.

GOLD point & figure chart 60min and daily.

Gold 60 min giving break out !In International market can hit US $ 1168 odd levels very soon.

Gold daily point & figure chart.

I expect Indian gold mini feb contract to hit 17,224.00 soon.

Nifty near the resistance !

Nifty spot : It has been trading in a very tight range.

Weekly Pivot is 5240.90
Supports can be 5205.22, 5170.95. Think twice of holding longs below 5165.00
Resistance can be 5284.28, 5314.70. Think twice of holding shorts above 5325.00

Gold mini febcontract.

A happy new year !