Friday 19 April 2013

SILVER TREND FOR TODAY- 20-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 .. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 42240.Resistance for the Silver is 47424-48746-50795-52630-54472-55508-
Short term and Intraday Level of SILVER
Last few days Silver is moving down and the trend looks weakCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 44006.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 44265.0 but caution- close Below low5 fresh selling can occur The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 43770.7 with a stop at 42459.2 Below 42080.3 go for sell
Intraday Resistance of SILVER are 43303.7/43683.4/44313.6/43454.9/43559.2
Intraday Support of SILVER are 42544.3/42164.6/41534.4/42625.1/42521.9
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