Friday, 8 March 2013

SILVER TREND FOR TODAY- 09-March-2013


Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Silver is in HOLD LONGposition.Positionally Support for the Silver is 54004-53852-.Resistance for the Silver is 55433-57196-57971-59033-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in profit booking mode so hold with stop at 54337 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 55513.7 with a stop at 54470.4 Below 54196.5 go for sell and put stop at 55238.7
Intraday Resistance of SILVER are 55227.8/55601.5/56222/55129.3/55246.7
Intraday Support of SILVER are 54480.2/54106.5/53486/54194.1/54077.7
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