Thursday 24 October 2013

SILVER TREND FOR TODAY- 25-Oct-2013

Silver is in long- short-medium- short- term bull phase .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 48685-48421-48364-48223-46356-.Resistance for the Silver is 51187-

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 49308 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 50544.4 with a stop at 49838.9 Below 49671 go for sell with a stop at 50375.8
Intraday Resistance of SILVER are 50443.5 : 50722.8 : 50443.3 : 50490.1
Intraday Support of SILVER are 49770.5 : 49491.2 : 49771.8 : 49725.4

 

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