MCX SILVER UPDATED TREND 5th may

The Silver is in long- 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 on SELL signal and Silver is coming down from overbought level For short term Silver is in HOLD LONG position.

SILVER SUPPORT AND RESISTANCE :-

Support for the Silver is 54814-52069

Resistance for the Silver is 59152-63985-67129-68154

FREE INTRADAY STOCK TIPS TODAY 5th may

STOCK RECOMMENDATIONS FOR TODAY :-

1. BUY ONGC, price 313.05

2. BUY cummins , price 704.55

3. BUY amar remedies on dips 97.05

4. BUY KSK (above 114.5)

    TGT 117-120 , SL 113.5

5. BUY KAJARIACER (above 87)

    TGT  88.48 - 90.97

     SL   86.26

NIFTY LEVELS TODAY 5th May

Nifty was on bear trend last day and closed at 5537.

The Nifty futures closed and settled finally at 5536, down by -32.70 or -0.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5510 else above resistance level of 5595 it would be in an upward trend.

NIFTY is taking support near 5500 but global markets have started to fall, so watch Asian markets in the morning for an early clue of Thursday trade.

Many good stocks are available at cheaper rates and ONGC, SBI , TATA STEEL look good for quick gains.

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5726 mark.

SUPPORT: It has first support close to the level of 5510 & below this level the next support is seen near 5415 mark.