Friday 31 October 2014

CAPITAL STROKE UPDATE 31 October 2014: MCX SILVER



SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-39500 R1-38000 S1-35000 S2-34000

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 .. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 36165.Resistance for the Silver is 38268-38437-38612-40149-41537-42114-

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