Sunday, 2 June 2013

SILVER TREND FOR TODAY- 03-Jun-2013

Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 43215-.Resistance for the Silver is 43730-44211-45473-48409-50305-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in profit booking mode so hold with stop at 43409 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 43737.2 with a stop at 43344.2 Below 43271.4 go for sell and put stop at 43664.1
Intraday Resistance of SILVER are 43627.4 : 43729.8 : 43817.4 : 43861
Intraday Support of SILVER are 43380.6 : 43278.2 : 43191.7 : 43148.5

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