Silver trend for today- 09-Nov-2012
The Silver is in long- short-medium- short- term bull phase .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing.
For short term Silver is in HOLD SHORTposition.Positionally Support for the Silver is 59487-58977.Resistance for the Silver is 60395-61648.
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 58651.
Intraday Trend- Buy is advised only above 61036.3 with a stop at 59245.5 Below 58729.8 go for sell and put stop at 60518.5.
Intraday Resistance - 60315.4/60675.9.
Intraday Support - 59446.6/59086.1.
The Silver is in long- short-medium- short- term bull phase .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing.
For short term Silver is in HOLD SHORTposition.Positionally Support for the Silver is 59487-58977.Resistance for the Silver is 60395-61648.
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 58651.
Intraday Trend- Buy is advised only above 61036.3 with a stop at 59245.5 Below 58729.8 go for sell and put stop at 60518.5.
Intraday Resistance - 60315.4/60675.9.
Intraday Support - 59446.6/59086.1.
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