Wednesday, 27 March 2013

Silver trend 28/03/2013

Trend updated for-Mar/28/2013.CMP-54062 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 .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 53037.Resistance for the Silver is 54542-54558-54620-55744-56790-57823-
Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 54255.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 54727.9 with a stop at 53676.1 Below 53398.3 go for sell and put stop at 54449

Intraday Resistance of SILVER are 54560.7/54974.7/54285.3/54401.9
Intraday Support of SILVER are 53563.3/53149.3/53357.3/53241.9

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