Thursday, 15 August 2013

SILVER TREND FOR TODAY- 16-Aug-2013

Silver is in perfect uptrend .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Silver. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 43126-42546-42542-42002-41862-41287-. Immediate resistance for Silver is 47355
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 44634 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 47735.9 with a stop at 45947.1 Below 45414.3 go for sell with a stop at 47201
Intraday Resistance of SILVER are 47059.1 : 47462.5 : 46897.3 : 46942.3
Intraday Support of SILVER are 46086.9 : 45683.5 : 46249.9 : 46205.1

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