Tuesday, 24 September 2013

SILVER TREND FOR TODAY- 24-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 . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 48700-45943-45225-.Resistance for the Silver is 50429-51748-53070-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 50064.1 or hold with stop at 48432.0 The next resistance will be at 52165.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 50064.1 with a stop at 49009.2 Below 48724.1 go for sell and put stop at 49778
Intraday Resistance of SILVER are 49964.2 : 50438.3 : 49726.9 : 49773.3
Intraday Support of SILVER are 48821.8 : 48347.7 : 49060.2 : 49014.1

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