Monday 15 April 2013

SILVER TREND FOR TODAY- 16-April-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume 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.Positionally Immediate support for Silver is 43348.Resistance for the Silver is 50553-51209-52543-53624-55329-56162-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 49661.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 42793.7 with stop loss at 45968.3 or sell below 41298.1 Buy only above 47469.9
Intraday Resistance of SILVER are 45728.4/47078.7/49320.3/45850.3/45957.4
Intraday Support of SILVER are 43027.6/41677.3/39435.7/44997.7/44891.7

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