Monday, 28 January 2013

SILVER TREND FOR TODAY- 29-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 SELL signal For short term Silver is in HOLD SHORTposition.Positionally Immediate support for Silver is 57446.Resistance for the Silver is 58882-59250-59440-59902-60344-60488-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below57222.1 Buy if above 59974.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58303.6 with a stop at 57434.3 Below 57222.1 go for sell
Intraday Resistance of SILVER are 58187.2/58540.1/58446.8/58567.8
Intraday Support of SILVER are 57336.8/56983.9/57483.8/57364


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