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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Share Market Tips & Trend : Monday 8 August

Good Morning readers, Share market has opened on a new week with the trembling speed. Share market is in very down trend today. For the day, an important level is 5185 and for the week it is 5292 above which the market will stay positive. Bears have bursted out and Nifty is hovering. Too much of selling pressure covered the market. We recommend Buying strategy, Buy, buy and buy till Nifty doesn't come out of pressure.

NIFTY SUPPORT AND RESISTANCE TODAY :-

RESISTANCE :- Today the first resistance for nifty is at 5253-58 level.Next resistance is at 5271-75 level.

SUPPORT :-  On downside first support is at 5177-73 level.Next support is at 5151-47 level.

SHARE MARKET TIPS TODAY :-

1. BUY bank of maharashtra , with the target of rs. 65


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