Wednesday 27 February 2013

SILVER TREND FOR TODAY- 28-FEB-2013


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 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 SELL position.Positionally Immediate support for Silver is 52865.Resistance for the Silver is 54681-55554-56765-57828-58787-59430-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 53531 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 54482.5 with a stop at 53385.1 Below 53091.8 go for sell with stop at 54188
Intraday Resistance of SILVER are 54235/54607.6/54454.4/54571.1
Intraday Support of SILVER are 53337/52964.4/53525/53409.3

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