Monday, 19 August 2013

SILVER TREND FOR TODAY- 20-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 . Cautious point is buying at higer levels seems decreasing. The Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 45865-44435-43129-42768-42317-41754-. Immediate resistance for Silver is 51692
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 49154 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 52007.2 with a stop at 50769.1 Below 50425.6 go for sell with a stop at 51662.3
Intraday Resistance of SILVER are 51903.4 : 52474.7 : 51555 : 51602.3
Intraday Support of SILVER are 50526.6 : 49955.3 : 50876.1 : 50829.2

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