Tuesday, May 10, 2011

MCX SILVER TIPS>>TREND TODAY 10th may

The Silver is in long- term bull phase .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend. The oscillator is showing SELL signal For short term Silver is in SELL position.

SILVER SUPPORT & RESISTANCE :-
Support for the Silver is 55412-52456.
Resistance for the Silver is 59334-62646-63654-64819.

SILVER INTRADAY TREND :-
Buy above 58172.2 and keep stop below 56047.6 Target is 59122.1 next 60699 
Below 55101.5 trend reversal can occur and next level is 53530.9


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