Monday, 4 March 2013

SILVER TREND FOR TODAY- 05-March-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.. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 52411.Resistance for the Silver is 54025-54574-55995-57453-58382-59240-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in down trend so buy above 54075.0 The sell will again come if below 52621.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 54729.3 with a stop at 53284.7 Below 52876 go for sell
Intraday Resistance of SILVER are 54159.3/54456.6/54341.2/54457.8
Intraday Support of SILVER are 53442.7/53145.4/53412.8/53297.3

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