Thursday, 21 March 2013

Silver trend 22/03/2013

Trend updated for-Mar/22/2013.CMP-55063 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal but has moved past its recent high. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 54410-54321-54084-.Resistance for the Silver is 56222-57037-58290-
Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 55511.9 with stop at 54057.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 55511.9 with a stop at 54784.2 Below 54615.5 go for sell and put stop at 55342.5
Intraday Resistance of SILVER are 55590.9/56029/55240.1/55357.6
Intraday Support of SILVER are 54535.1/54097/54303.9/54187.5

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