As mentioned yesterday, Nifty outlook remains unchanged.
However, for buying position in Nifty 4808 spot level (Nifty future 4819 - 25) is a proper entry point.
Higher side Nifty can test 9th Dec high of 4912 spot level.
Gold and Silver seems weaker for the day.
One can Sell silver at 52750 - 850 for a target of 51380 - 450.
For the position 53080 has to be maintained as stoploss.
As mentioned yesterday, Gold US faced resistance at $1644. Even as of now, it is trading at $1644.
But, yes, I continue with my target of $1611.
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