Trend updated
for-Mar/26/2013.CMP-54212 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is in strong downtrend with good
momentum and the trend is supported with good volume 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.Positionally
Immediate support for Silver is 53400.Resistance for the Silver is
54574-54576-54724-55903-56892-58009-
Currently Silver is in HOLD SHORT position
Silver has formed a new 5 day low yesterday but failed to keep the
trend so if selling has to considered better below53546.5 Buy if
above 55100.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 54879.8 with a stop at 53825 Below 53546.5 go for sell
Intraday Resistance of SILVER are 54613.1/54946.1/54521.3/54638.1
Intraday Support of SILVER are 53810.9/53477.9/53591.3/53475.7
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