Wednesday, 27 March 2013

SILVER TREND FOR TODAY- 28-March-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 .. The oscillator is showing SELL signal For short term Silver is in SELLposition.Positionally Immediate support for Silver is 53037.Resistance for the Silver is 54542-54558-54620-55744-56790-57823-

Short term and Intraday Level of SILVER

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 54255.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 54727.9 with a stop at 53676.1 Below 53398.3 go for sell and put stop at 54449
Intraday Resistance of SILVER are 54560.7/54974.7/54285.3/54401.9
Intraday Support of SILVER are 53563.3/53149.3/53357.3/53241.9
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