Tuesday 2 April 2013

SILVER TREND FOR TODAY- 03-April-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 oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 51049.Resistance for the Silver is 53868-54101-54405-55292-56502-57457-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 53233.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 52451.9 with a stop at 50933.8 Below 50497.6 go for sell
Intraday Resistance of SILVER are 51910.1/52347.2/53072.8/52314.4/52428.9
Intraday Support of SILVER are 51035.9/50598.8/49873.2/51403.6/51290.3

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