Friday, 13 September 2013

SILVER TREND FOR TODAY- 14-Sep-2013

Silver is in long- medium- term bull phase .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 47442-45198-44757-.Resistance for the Silver is 53448-53577-54014-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 51973.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 50355.8 with a stop at 48889.4 Below 48467.6 go for sell
Intraday Resistance of SILVER are 49832.6 : 50255.3 : 50956.8 : 49744 : 49790.4
Intraday Support of SILVER are 48987.4 : 48564.7 : 47863.2 : 49077.1 : 49031.1

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