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
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