Thursday 20 February 2014

SILVER TREND FOR TODAY- 21-Feb-2014

Silver is in perfect uptrend .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Silver. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 45930-45756-45196-44870-44821-44650-. Immediate resistance for Silver is 48282
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in profit booking mode so either sell of or keep stop at47155 so better sell and enter at lower level The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 47931.7 with a stop at 47216.4 Below 47041.7 go for sell
Intraday Resistance of SILVER are 47771.6 : 48008.7 : 47813.4 : 47858.9
Intraday Support of SILVER are 47200.4 : 46963.3 : 47159.7 : 47114.5

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