Sunday 20 January 2013

SILVER TREND FOR TODAY- 21-JAN-2013


Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 58694-58427-58153-.Resistance for the Silver is 60381-60413-60711-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 59787.0 with stop at 58528.0 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 60151.1 with a stop at 58933.4 Below 58607.5 go for sell and put stop at 59823.9
Intraday Resistance of SILVER are 59423.4/59461.1/59858.7/59981
Intraday Support of SILVER are 59332.6/59294.9/58884/58762.7

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