Wednesday, 31 July 2013

SILVER TREND FOR TODAY- 01-Aug-2013

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above42614 or buy with strict stop at 39771. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 41053-40920-40705-.Resistance for the Silver is 41835-42627-43654-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 42424.8 with stop at 40502.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 42424.8 with a stop at 41241.8 Below 40903.9 go for sell and put stop at 42085.6
Intraday Resistance of SILVER are 42001.6 : 42340.1 : 42902.1 : 41969.7 : 42012.4
Intraday Support of SILVER are 41324.4 : 40985.9 : 40423.9 : 41357.4 : 41315.1

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