Wednesday 10 September 2014

CAPITAL STROKE UPDATE 10-September-2014: MCX SILVER


SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45000 R1-43500 S1-40500
S2-39000

Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory 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 BUY signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 41758-.Resistance for the Silver is 42137-42701-42883-43179-43806-

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