Sunday 27 January 2013

SILVER TREND FOR TODAY- 28-JAN-2013



 Silver is bearish for medium-long term .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 on SELL signal and Silver is coming down from overbought level For short term Silver is in HOLD LONG position.Positionally Immediate support for Silver is 57943.Resistance for the Silver is 58872-59264-59609-60009-60367-60538-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy only above 59974.0 or hold with stop at 58176.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58836.9 with a stop at 57899.2 Below 57665 go for sell
Intraday Resistance of SILVER are 58719.4/59109.1/58971.3/59092.8
Intraday Support of SILVER are 57780.6/57390.9/58004/57883.6




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