Silver Outlook for Today,MCX Silver Trend for - 31-Jan-2013
SILVER TREND & INTRADAY LEVELS
Trend updated for-Jan/31/2013.CMP-59061 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 58790-58730-58470-.Resistance for the Silver is 59756-60309-60405-Short term and Intraday Level of SILVERCurrently Silver is in SELL position Silver is showing some Up momentum So buy above 58541.0 with stop at 57677.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signalIntraday Trend- Buy is advised only above 59614.8 with a stop at 58725.9 Below 58509 go for sell and put stop at 59396.9 Intraday Resistance of SILVER are 59460/59859/60521.4/59122.6/59244.3 Intraday Support of SILVER are 58662/58263/57600.6/58154/58033.5
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