Monday, 16 September 2013

SILVER TREND FOR TODAY- 16-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 47652-45287-44837-.Resistance for the Silver is 52912-53439-53673-
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 51267.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 51545.6 with a stop at 50192.1 Below 49809.5 go for sell and put stop at 51161.5
Intraday Resistance of SILVER are 51362.3 : 51931.9 : 51014.2 : 51061.2
Intraday Support of SILVER are 49989.7 : 49420.1 : 50338.9 : 50292.2

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