Sunday, 23 February 2014

SILVER TREND FOR TODAY- 24-Feb-2014

Silver is in perfect uptrend .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position isBUY .Positionally Support for the Silver is 46238-45748-45472-44963-44808-44709-. Immediate resistance for Silver is 48282
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy if close above 48090.0 closing below 46932.0 Sell will happen. The Silver is now trading is approaching overbought level. The oscillator is on SELL signal and Silver is coming down from overbought level
Intraday Trend- Buy is advised only above 47800.1 with a stop at 47253.5 Below 47134.8 go for sell and put stop at 47681
Intraday Resistance of SILVER are 47704.7 : 47902 : 47794.4 : 47839.8
Intraday Support of SILVER are 47229.3 : 47032 : 47140.8 : 47095.6
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