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Friday, August 5, 2011

SILVERM MCX ALERT

POSITIONAL TRADERS WITH SILVER SHORT POSITIONS CAN WAIT FOR TARGET 57562/57050/56800/55958/54860 (**AS PER OUR VIEW SILVER BREAK OUT WAS FROM 54680 & WE EXPECT THE GAP FILLING WILL HAPPEN & SILVER HALTS SOME WHERE AROUND 54860..

HOWEVER TRADERS WHO WANNA ADD FRESH SHORT POSITIONS CAN SELL @ 59510 (BEST SHORT LEVEL) & AVERAGE @ 60608

CMP – 58500

THE OTHER DAY WHEN SILVER RALLIED FROM 52660 TO 59000 WE HAD EXPECTED PROFIT BOOKING TO TAKE PLACE AND HAD TGTS TILL 52000…THIS TIME IT 54860 CAN BE BROKEN EASILY & SILVER WILL TEST 52000 IN 1 TRADING SESSION

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