Monday, August 8, 2011

MCX SILVER INTRADAY TREND : Monday 8 August

The Silver is in long- medium- short-medium- term bull phase .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory 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 LONG position

SILVER SUPPORT AND RESISTANCE :-

Support for the Silver is 58062-57055-55319-55124
Resistance for the Silver is 59095-59283

MCX TIPS TODAY :-


Gold: Buy -25 000,  stoploss-24 950, target -25 150

Nickel: Buy -995,  stoploss-980 , target -1 025

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