Tuesday 28 January 2014

SILVER TREND FOR TODAY- 29-Jan-2014

Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong momentum is also showing strength but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term The current position is BUY .Positionally Immediate support for Silver is 43426.Resistance for the Silver is 44745-44848-44857-44908-46037-46890-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 45649.0 with stop at 44112.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 44853.1 with a stop at 43784 Below 43487.3 go for sell
Intraday Resistance of SILVER are 44660.2 : 45067.9 : 44484.8 : 44528.7
Intraday Support of SILVER are 43677.8 : 43270.1 : 43854.3 : 43810.8
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