Sunday, 3 February 2013

SILVER TREND FOR TODAY- 04-FEB-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is inSELL position.Positionally Immediate support for Silver is 57242.Resistance for the Silver is 58852-58910-59153-59575-60296-60322-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is in sideways so for short term better buy above 59139.0 with stop at 57472.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 59432 with a stop at 57854.4 Below 57407.6 go for sell and put stop at 58983.4
Intraday Resistance of SILVER are 58460.6/58496/58905.7/59027.2
Intraday Support of SILVER are 58375.4/58340/57938.9/57818.6


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