Sunday 24 February 2013

SILVER TREND FOR TODAY- 25-FEB-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend. In last few days volume based selling happened in the Silver. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 52865.Resistance for the Silver is 55466-56369-57230-58050-59154-59593-

Short term and Intraday Level of SILVER

Currently Silver is in SELL position Silver is showing some Up momentum So buy above 54201.0 with stop at 53077.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 54478.1 with a stop at 53261.6 Below 52928.6 go for sell and put stop at 54143.7
Intraday Resistance of SILVER are 54071.1/54377.4/54208/54324.5
Intraday Support of SILVER are 53332.9/53026.6/53280.7/53165.3

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1 comments :

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