🌍 Market Commentary (Stay updated on news)

Risk sentiment remains fragile after the U.S. military shot down an Iranian drone that approached the USS Abraham Lincoln in the Arabian Sea. This keeps a safe-haven bid under Gold/Silver, but also increases “headline volatility” (sudden spikes) during US session.

Silver’s morning downside fits the “China-led volatility” theme: reports say Zhongcai Futures (linked to Bian Ximing) had a very large net short on SHFE and profited heavily from the recent silver rout—meaning sharp intraday drops can come from positioning/liquidation, not only fundamentals.

✅ India approach today:

• Treat Silver like a high-volatility instrument (smaller quantity, wider SL, avoid overtrading).

• Buy only at defined panic zones; sell only at exhaustion zones.

• It’s Last Day of Delivery Period of Gold MCX today – Gold margins are 27% & Silver Margin is 58% of its Standard Lot Value, which is extremely High, post 8th April slowly & gradually Range may shrink cause of High margin, but still remain cautious on International News Impact

📌 Fundamentals for the Day (US Session = Volatility Window)

• 6:45 PM ADP Non-Farm Employment Change

• 8:15 PM Final Services PMI

• 8:30 PM ISM Services PMI

• 9:00 PM Crude Oil Inventories

👉 Expect whipsaws around 8:30–9:15 PM (data + oil).

🟡 GOLD (MCX) — Plan

✅ Primary Range Plan (Swing Bias)

Buy @ 144,144 → Target 154,000
Back-up Buy 139,000
SL: 500 points below 2nd buy (below 139,000)

Logic: dip-buy structure intact; keep positional bias bullish unless 139k breaks decisively.

🔁 Alternative Scenario (Fade the Extreme)

Sell @ 1,65,000
SL: 167,200+
Target: 152,000

🎯 GOLD Trading Zone (Intraday)

• 144,144 Buy (session trade) | SL 143,600 | Target 148,588

• 148,450 Buy (1st stroke) | SL 500 pts

• 154,000 Sell @ 1st stroke / SL 500 pts

• 157,500 Sell (1st stroke) | SL 500 pts

⚪ SILVER (MCX) — Volatility Plan (China-driven moves)

Context: Silver saw aggressive selling tied to China flow/short positioning (Zhongcai / Bian Ximing narrative). Expect fast drops + fast recoveries.

✅ Our Preference (Core Buy Zone)

Buy Silver @ 225,000 → Target 280,000
Back-up Buy: 217,000
SL: 214,000

⚡ Early Buy (Recovery Trade)

Buy @ 241,000
SL: 237,000
Target: 252,000

🎯 Sell Zone (Recovery Exhaustion)

Sell @ 276,000
SL: 281,000
Target: 262,000

✅ Today’s Quick Strategy Summary

• Gold: Buy dips (141k/139k) + scalp buys (144,144 / 148,450); sell only near 157,500 exhaustion.

• Silver: Buy only at 225k/217k panic zones; sell only at 276k.

• Keep risk small during 8:15–9:15 PM window.