MCX Silver May Contract is looking negative for the
day. Market may find support near 51300 & 50800; intraday resistance
can be seen near 52100 & 52600. Day traders are advised to sell
intraday on rise. (Sell around 52100 with SL 52600, for the target of
51300 & 50800.)
Friday, 12 April 2013
Thursday, 11 April 2013
Silver news
Trend updated
for-Apr/12/2013.CMP-51674 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is moving sideways The oscillator
is showing BUY signal .In last 1 month volatality is very less Buy
the Silver above 54557 or buy with strict stop at 50221. The
oscillator is showing BUY signal For short term Silver is in SELL
position.Positionally Support for the Silver is 51367-.Resistance for
the Silver is 52524-53367-54205-55781-56578-
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 52486.8 with stop at
51070.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 52486.8 with a stop at 51217.3 Below 50864 go for sell and put stop at 52132.1
Intraday Resistance of SILVER are 52045.1/52353/52047.6/52161.7
Intraday Support of SILVER are 51302.9/50995/51139.1/51026
Intraday Trend- Buy is advised only above 52486.8 with a stop at 51217.3 Below 50864 go for sell and put stop at 52132.1
Intraday Resistance of SILVER are 52045.1/52353/52047.6/52161.7
Intraday Support of SILVER are 51302.9/50995/51139.1/51026
Wednesday, 10 April 2013
Silver news
Trend updated
for-Apr/11/2013.CMP-51775 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is moving sideways The oscillator
is showing BUY signal .In last 1 month volatality is very less Buy
the Silver above 54557 or buy with strict stop at 50221. The
oscillator is showing BUY signal For short term Silver is in SELL
position.Positionally Support for the Silver is 51506-.Resistance for
the Silver is 52690-53498-54324-55867-56694-
Currently Silver is in HOLD LONG position In
short term Silver is in strong up trend so hold with stop at 51233
The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 52589.4 with a stop at 51317.4 Below 50963.4 go for sell with stop at 52234
Intraday Resistance of SILVER are 52273.1/52686.5/52326.8/52441.3
Intraday Support of SILVER are 51276.9/50863.5/51415.8/51302.5
Intraday Trend- Buy is advised above 52589.4 with a stop at 51317.4 Below 50963.4 go for sell with stop at 52234
Intraday Resistance of SILVER are 52273.1/52686.5/52326.8/52441.3
Intraday Support of SILVER are 51276.9/50863.5/51415.8/51302.5
SILVER News
MCX SILVERInternational: Major Support at USD28. Bearish below USD28.
Domestic: Buy at 52150, Stoploss 51950, Target 52550.
Domestic: Buy at 52150, Stoploss 51950, Target 52550.
Silver news
|
Trend updated
for-Apr/10/2013.CMP-52163 Overall trend of the Silver is bearish
for medium-long term .Currently Silver is in strong downtrend 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 and closed above 1
week high with volume signals up breakout.Positionally Support for
the Silver is 51684-.Resistance for the Silver is
52848-53611-54455-55959-56800-
Silver closed above 1 week high with volume
signals up breakoutCurrently Silver is in HOLD LONG position
In short term Silver is in strong up trend so hold with stop at
51195 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 52983.5 with a stop at 51702 Below 51345.3 go for sell with a stop at 52625.4 Intraday Resistance of SILVER are 52520.4/52877.8/53471.1/52381.4/52495.9 Intraday Support of SILVER are 51805.6/51448.2/50854.9/51469.9/51356.6 |
|
Tuesday, 9 April 2013
Silver news
MCX Silver May Contract is looking negative for the day. Market may find
support near 50900 & 50400; intraday resistance can be seen near
51600 & 52100. Day traders are advised to sell intraday on rise.
(Sell around 51600 with SL 52100, for the target of 50900 & 50400.)
Silver news
Trend updated
for-Apr/09/2013.CMP-51224 Overall trend of the Silverm is bearish for
medium-long term .Currently Silverm is in strong downtrend but volume
is unsatisfactory The open interest is not increasing with trend ..
The oscillator is showing SELL signal For short term Silverm is in
SELL position.Positionally Immediate support for Silverm is
50253.Resistance for the Silverm is
52319-53071-53750-54696-56123-56980-
Currently Silverm is in HOLD LONG position In
short term Silverm is in strong up trend so hold with stop at 51084
The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 51907.3 with a stop at 50832.3 Below 50543 go for sell with stop at 51616.9
Intraday Resistance of SILVERM are 51551/51822.4/51795.2/51909
Intraday Support of SILVERM are 50897/50625.6/50888.8/50776.1
Intraday Trend- Buy is advised above 51907.3 with a stop at 50832.3 Below 50543 go for sell with stop at 51616.9
Intraday Resistance of SILVERM are 51551/51822.4/51795.2/51909
Intraday Support of SILVERM are 50897/50625.6/50888.8/50776.1
Monday, 8 April 2013
Silver news
Bullion: Domestic gold
trading higher a similar rise in the COMEX. Gold prices jumped Friday
after a weaker-than-expected U.S. payroll report sparked fresh hopes for
an extended period of gold-friendly stimulus from the U.S. Federal
Reserve. Economists surveyed by Dow Jones Newswires had forecast that nonfarm payrolls would rise by 200,000 and the unemployment rate would hold steady at 7.7 percent.
MCX May Silver's weakness continues and it declined to as low as 50423 and finally closed at 51570 levels, down by 3% on W-o-W basis. It is visible from the chart that silver prices are traveling in a descending channel, which is signifies the bearish trend which would be intact until it breaches the channel on the upside.
However, during the initial session of the week there is a possibility for a mild pull back towards the channel resistance of 52200 levels, which one can unitize for creating fresh shorts. Key momentum indicator RSI has gone into sell mode and MACD is still trading below signal line which supports the view.
Action - Sell
Entry - Near 52200-52250
Target - 50500
Stop - 53110
MCX May Silver's weakness continues and it declined to as low as 50423 and finally closed at 51570 levels, down by 3% on W-o-W basis. It is visible from the chart that silver prices are traveling in a descending channel, which is signifies the bearish trend which would be intact until it breaches the channel on the upside.
However, during the initial session of the week there is a possibility for a mild pull back towards the channel resistance of 52200 levels, which one can unitize for creating fresh shorts. Key momentum indicator RSI has gone into sell mode and MACD is still trading below signal line which supports the view.
Action - Sell
Entry - Near 52200-52250
Target - 50500
Stop - 53110
Silver news
Trend updated
for-Apr/08/2013.CMP-51570 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is in strong downtrend and the
trend is supported with good volume The open interest is not
increasing with trend . In last few days volume based selling
happened in the Silver. The oscillator is showing SELL signal For
short term Silver is in SELL position.Positionally Immediate
support for Silver is 50221.Resistance for the Silver is
52579-53251-53866-54714-56135-57023-
Currently Silver is in HOLD SHORT position
Silver is moving sideways with low volatality so short term investor
better to buy if close above 52847.0 close below 50423.0 Sell will
happen. The Silver is now trading is approaching oversold level. The
oscillator is on BUY Signal and Silver is recovering from oversold
level
Intraday Trend-Intraday better to buy above 52725.6 and Sell if below50418.6
Intraday Resistance of SILVER are 51703.4/51814/51959.2/52073.3
Intraday Support of SILVER are 51436.6/51326/51051.4/50938.5
Intraday Trend-Intraday better to buy above 52725.6 and Sell if below50418.6
Intraday Resistance of SILVER are 51703.4/51814/51959.2/52073.3
Intraday Support of SILVER are 51436.6/51326/51051.4/50938.5
Silver news
Trend updated
for-Apr/08/2013.CMP-51570 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is in strong downtrend and the
trend is supported with good volume The open interest is not
increasing with trend . In last few days volume based selling
happened in the Silver. The oscillator is showing SELL signal For
short term Silver is in SELL position.Positionally Immediate
support for Silver is 50221.Resistance for the Silver is
52579-53251-53866-54714-56135-57023-
Currently Silver is in HOLD SHORT position
Silver is moving sideways with low volatality so short term investor
better to buy if close above 52847.0 close below 50423.0 Sell will
happen. The Silver is now trading is approaching oversold level. The
oscillator is on BUY Signal and Silver is recovering from oversold
level
Intraday Trend-Intraday better to buy above 52725.6 and Sell if below50418.6
Intraday Resistance of SILVER are 51703.4/51814/51959.2/52073.3
Intraday Support of SILVER are 51436.6/51326/51051.4/50938.5
Intraday Trend-Intraday better to buy above 52725.6 and Sell if below50418.6
Intraday Resistance of SILVER are 51703.4/51814/51959.2/52073.3
Intraday Support of SILVER are 51436.6/51326/51051.4/50938.5
Friday, 5 April 2013
Silver news
Trend updated
for-Apr/06/2013.CMP-51479 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is in strong downtrend and the
trend is supported with good volume The open interest is not
increasing with trend . In last few days volume based selling
happened in the Silver. The oscillator is showing SELL signal For
short term Silver is in SELL position.Positionally Immediate
support for Silver is 50221.Resistance for the Silver is
52845-53461-53990-54851-56220-57133-
Currently Silver is in SELL position Silver
is showing some Up momentum So buy above 51367.0 with stop at 50423.0
The Silver is now trading is approaching oversold level. The
oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 52156.1 with a stop at 51090.1 Below 50804.2 go for sell and put stop at 51869
Intraday Resistance of SILVER are 51930.6/52305.5/51727.2/51841
Intraday Support of SILVER are 51027.4/50652.5/50821.5/50708.8
Intraday Trend- Buy is advised only above 52156.1 with a stop at 51090.1 Below 50804.2 go for sell and put stop at 51869
Intraday Resistance of SILVER are 51930.6/52305.5/51727.2/51841
Intraday Support of SILVER are 51027.4/50652.5/50821.5/50708.8
Thursday, 4 April 2013
Silver news
Trend updated
for-Apr/05/2013.CMP-50955 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is in strong downtrend and the
trend is supported with good volume The open interest is not
increasing with trend . In last few days volume based selling
happened in the Silver. The oscillator is showing SELL signal For
short term Silver is in SELL position.Positionally Immediate
support for Silver is 50221.Resistance for the Silver is
53114-53652-54130-54988-56307-57242-
Currently Silver is in HOLD SHORT position
The Silver is in downtrend For short term buy only if close above
51790.0 The Silver is now trading is approaching oversold level. The
oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 52236.9 with a stop at 50265.4 Below 49677.8 go for sell and put stop at 51646.9
Intraday Resistance of SILVER are 51242/51480.1/51312.7/51426
Intraday Support of SILVER are 50668/50429.9/50410.6/50298.4
Intraday Trend- Buy is advised only above 52236.9 with a stop at 50265.4 Below 49677.8 go for sell and put stop at 51646.9
Intraday Resistance of SILVER are 51242/51480.1/51312.7/51426
Intraday Support of SILVER are 50668/50429.9/50410.6/50298.4
Silver news
Trend updated
for-Apr/04/2013.CMP-50722 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is in strong downtrend but volume
is unsatisfactory The open interest is not increasing with trend . In
last few days volume based selling happened in the Silver. The
oscillator is showing SELL signal For short term Silver is in SELL
position and closed below 1 month low with volume signals down
breakout.Positionally Immediate support for Silver is
50221.Resistance for the Silver is
53432-53869-54281-55138-56396-57357-
Silver and closed below 1 week low with volume
signals down breakoutCurrently Silver is in HOLD SHORT position
The Silver is in downtrend For short term buy only if close above
52516.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 51998.1
with a stop at 50035.6 Below 49450.6 go for sell
Intraday Resistance of SILVER are 51004.3/51286.5/51755.1/51317.1/51430.4
Intraday Support of SILVER are 50439.7/50157.5/49688.9/50414.9/50302.7
Intraday Resistance of SILVER are 51004.3/51286.5/51755.1/51317.1/51430.4
Intraday Support of SILVER are 50439.7/50157.5/49688.9/50414.9/50302.7
Spot silver rates trading mixed
Spot silver
rates were trading mixed in major metros in India. In Ahmedabad market,
Pure silver (999 purity) was down by Rs 560 to Rs 50700 and in Delhi
market, it was up by Rs 500 to Rs 51750.
Spot Silver Rates for 1 KG in major metros in India:
Spot Silver Rates for 1 KG in major metros in India:
| City | Silver 999 | Change (Rs) |
| Mumbai (Apr 04) | 52520 | -50 |
| Ahmedabad (Apr 04) | 50700 | -560 |
| Chennai (Apr 04) | 51600 | -100 |
| Delhi (Apr 04) | 51750 | 500 |
| Jaipur (Apr 04) | 51800 | 400 |
Wednesday, 3 April 2013
Silver news
Bullion: Gold futures were trading lower on local
bourses tracking the weakness in COMEX contracts and as the rupee rose
against the dollar. On COMEX, a strong dollar against the euro
pressurised the precious metal. Silver futures were down on local exchanges due to the rangebound trend in COMEX futures and a strong rupee
MCX Silver May Contract is looking negative for the day. Market may find support near 51100 & 50600; intraday resistance can be seen near 51600 & 52100. Day traders are advised to sell intraday on rise. (Sell around 51600 with SL 52100, for the target of 51100 & 50600.)
MCX Silver May Contract is looking negative for the day. Market may find support near 51100 & 50600; intraday resistance can be seen near 51600 & 52100. Day traders are advised to sell intraday on rise. (Sell around 51600 with SL 52100, for the target of 51100 & 50600.)
Silver news
Silver prices are expected to trade weak till 50000, one can sell on rise around 51700 maintaining a stop loss above 52600.
Tuesday, 2 April 2013
Silver news
Trend updated
for-Apr/03/2013.CMP-51473 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is in strong downtrend and the
trend is supported with good volume The open interest is not
increasing with trend . In last few days volume based selling
happened in the Silver. The oscillator is showing SELL signal For
short term Silver is in SELL position.Positionally Immediate
support for Silver is 51049.Resistance for the Silver is
53868-54101-54405-55292-56502-57457-
Currently Silver is in HOLD SHORT position
The Silver is in downtrend For short term buy only if close above
53233.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 52451.9 with a stop at 50933.8 Below 50497.6 go for sell
Intraday Resistance of SILVER are 51910.1/52347.2/53072.8/52314.4/52428.9
Intraday Support of SILVER are 51035.9/50598.8/49873.2/51403.6/51290.3
Silver news and trend
Trend updated
for-Apr/02/2013.CMP-52725 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 . In last few days volume based
selling happened in the Silver 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 51219.Resistance for the Silver is
54155-54289-54501-55434-56602-57560-
Currently Silver is in SELL position The
Silver is in downtrend For short term buy only if close above 53634.0
The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 54051.5 with a stop at 52011.5 Below 51403.4 go for sell
Intraday Resistance of SILVER are 53107.1/53424.3/53304.1/53419.6
Intraday Support of SILVER are 52342.9/52025.7/52384.6/52270.2
silver news and trend
MCX Silver May : Sell around 52600 levels with a stop loss placed above 53000 levels for targets of 51600 levels.
Monday, 1 April 2013
Sell Silver around Rs 53300-53400: Nirmal Bang
Gold
prices are expected to trade within the range from 29850 to 30200 one
can initiate a buy with a stop loss below 29800. Prices are expected to
test 30200 on higher end.
Silver prices are expected to trade weak, one can sell around 53300 53400 maintaining a stop loss above 54000.
Copper prices are expected to trade weak one can sell on rise maintain a stop loss above 415. Prices are expected to test 403-400.
Nickel prices are expected to witness a sideways move from 900 to 920 one can trade within the range.
Lead prices are expected to trade within the range from 112.50 to 115.50. One can trade within the range.
Crude prices are expected to witness long liquidation one can sell on rise around 5340-5350 with a stop loss above 5410.
Silver prices are expected to trade weak, one can sell around 53300 53400 maintaining a stop loss above 54000.
Copper prices are expected to trade weak one can sell on rise maintain a stop loss above 415. Prices are expected to test 403-400.
Nickel prices are expected to witness a sideways move from 900 to 920 one can trade within the range.
Lead prices are expected to trade within the range from 112.50 to 115.50. One can trade within the range.
Crude prices are expected to witness long liquidation one can sell on rise around 5340-5350 with a stop loss above 5410.
silver news and trend
Trend updated
for-Apr/01/2013.CMP-53072 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 51219.Resistance for the Silver is
54354-54425-54541-55536-56671-57647-
Currently Silver is in SELL position The
Silver is in downtrend For short term buy only if close above 53933.0
The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 53792.7 with a stop at 52353.8 Below 51741.7 go for sell
Intraday Resistance of SILVER are 53685.3/54298.6/55316.7/53159.1/53274
Intraday Support of SILVER
are 52458.7/51845.4/50827.3/52240.9/52126.7
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