Tuesday, 8 October 2013

SILVER TREND FOR TODAY- 09-Oct-2013

Silver is in long- short- 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 .. The oscillator is on BUY Signal and Silver is recovering from oversold level For short term Silver is in HOLD SHORTposition.Positionally Support for the Silver is 49106-48816-47129-45739-.Resistance for the Silver is 50606-50732-

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 48466 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 50530.5 with a stop at 49613.8 Below 49375.4 go for sell with a stop at 50291.2
Intraday Resistance of SILVER are 50429.6 : 50826.1 : 50287.8 : 50334.5
Intraday Support of SILVER are 49474.4 : 49077.9 : 49617.3 : 49571

 

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