Monday, 29 April 2013

SILVER TREND FOR TODAY- 30-April-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Silver is now trading in highly oversold level. The Silver is now trading in highly oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 44478-43756-.Resistance for the Silver is 47613-51077-52896-54407-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in profit booking mode so hold with stop at 44679 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 46222.4 with a stop at 44771.2 Below 44349 go for sell and put stop at 45798.5
Intraday Resistance of SILVER are 45660.9/45973.8/45686.5/45793.4
Intraday Support of SILVER are 44907.1/44594.2/44835.5/44729.7

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