Saturday, July 2, 2011

MCX SILVER TREND>>TIPS 2 July

Good Morning dear readers, if we look towards silver then, Overall trend of the Silver is bearish for medium-long term .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. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.

SILVER SUPPORT AND RESISTANCE :-

Immediate support for Silver is 49340.
Resistance for the Silver is 52181-52725-53532-54426-56788-57612

SILVER INTRADAY TREND TODAY :-

Buy is advised above 50633 with a stop at 49345.7 
Below 48983.9 go for sell 


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