MCX SILVER TREND TODAY : Thursday 11 August

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The Silver is in perfect uptrend .Currently Silver is in strong downtrend 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 SELL position

SILVER TECHNICAL LEVELS TODAY :-

MCX SILVER TREND :- Consolidate

Resistance 2 :- 62,400

Resistance 1 :- 60,900

Support 1       :- 58,400

Support 2       :- 56,300

Silver trading strategy :- BUY on dips

MCX SILVER TIPS FOR TODAY :-

MCX Silver September: `Buy` above 59,500 levels with a stoploss placed above 58,450 levels for targets of 61000 levels. (short term)

NIFTY SHARE TREND for Thursday 11 August

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Share market took a relief breadth yesterday with significant gains. Share market trend was slightly up  and both the benchmarks i.e. NIFTY & SENSEX ended in green. The Sensex closed at 17130, up 273 points from its previous close, and the Nifty shut shop at 5161, up 88 points. Thus we can say share market is gradually recovering from the heavy loss

NIFTY LEVELS TODAY :-

Following are the Nifty levels of today, these Nifty levels are based on technical analysis. Let's see Support and resistance levels of Nifty :-

SUPPORT :- On downside first support is at 5127-25 level.Next support is at 5111-07 level.

RESISTANCE :- Today the first resistance for nifty is at 5177-81 level.Next resistance is at 5196-02 level.

SHARE TRADING STRATEGY TODAY :-

We could see the Nifty fall to 5050 at which some buying could come in. We advise going long in OMCs, ONGC and Oil India on declines but to stay away from Tata Motors.