Wednesday, May 4, 2011

MCX SILVER TREND TODAY 4th May

The Silver is in long- medium- term bull phase .Currently Silver is in strong uptrend 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 HOLD LONG position.

SILVER SUPPORT & RESISTANCE TODAY :-
Support for the Silver is 58509-54614-51943.
Resistance for the Silver is 63866-67308-69072

SILVER SHORT TERM TREND :-
Currently Silver is in HOLD SHORT position.
 The Silver is in downtrend For short term buy only if close above 69541.0 
The oscillator is showing SELL signal

SILVER INTRADAY TREND :-
Sell if open below 60728.7 with stop loss at 64311.9
or
sell below 59065.5 Buy only above 65981.8 



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