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Indian share markets are expected to remain volatile ahead of RBI policy meet and Union budget. Based on charts perspective the current uptrend will become weak only if Nifty sustains below 5360 on closing basis.On the other hand, Railway Minister Mr Dinesh Trivedi has sent his resignation letter to PM after announcing the railway budget 2012-13 yesterday.
To continue the ongoing trend there should be enough momentum generated with RBI policy and budget so that markets manage to sustain above 5600. If this does not happen we may see another round of correction.
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Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 58680.0 The oscillator is showing SELL signal
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