Sunday, 25 December 2011

Intraday Silver Trading Tips

In Silver, sell off to continue at higher level. Last week it was unable to cross 54000 successfully, and made a low of 52544, which indicates some small trading range and traders are not comfortable on either side. Strength of rupee will decide the trend of this commodity. Now in this week, consider 54000-54500 and any move will be above that level if holds with volume, downside to continue showing bear pressure and lower level support at 52000, decisively break will shift further weakness up to 50000 or below. Overall trend is down and sell on rise strategy.

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