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Friday, 16 November 2012

Silver Outlook for Today,MCX Silver Trend for - 17-Nov-2012

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 . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 60710-60594-60342-59709-59534-58740-. Immediate resistance for Silver is 61831

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 61308.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 61679.2 with a stop at 60603.5 Below 60327 go for sell
Intraday Resistance of SILVER are 61395.3/61721.8/61407.3/61531.2
Intraday Support of SILVER are 60608.7/60282.2/60420.1/60297.2


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