Wednesday 18 September 2013

SILVER TREND FOR TODAY- 18-Sep-2013

Silver is in long- medium- term bull phase .Currently Silver is in strong downtrend and the trend is supported with good volume 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 48019-45472-44964-.Resistance for the Silver is 52047-52992-53333-
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 50416.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 50778.0 but caution- close Below low5 fresh selling can occur The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 50124.4 with a stop at 48991.1 Below 48680.1 go for sell
Intraday Resistance of SILVER are 50024.4 : 50541.8 : 49735 : 49781.4
Intraday Support of SILVER are 48777.6 : 48260.2 : 49068.2 : 49022.1

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