Sunday 2 November 2014

CAPITAL STROKE UPDATE 3 November 2014: MCX SILVER




SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-38000 R1-36500 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 . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 34983.Resistance for the Silver is 38007-38248-38473-40017-41415-42069-

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