Wednesday, 7 August 2013

SILVER TREND FOR TODAY- 08-Aug-2013

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above42770 or buy with strict stop at 40287. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 41196-41082-.Resistance for the Silver is 41715-41726-42314-42960-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy if close above 42600.0 closing below 40661.0 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 42054.5 with a stop at 41207.6 Below 40981.3 go for sell and put stop at 41827.3
Intraday Resistance of SILVER are 41970.6 : 42347 : 41823.2 : 41865.7
Intraday Support of SILVER are 41063.4 : 40687 : 41211.9 : 41169.7

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