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Wednesday, May 2, 2012

MCX SILVER INTRA DAY/POSITIONAL CALL : 02 MAY 2012

SILVER

BEST BUY & SUPP @ 57058 ACTUAL RESIS & BEST SHORT LEVEL @ 57340 A BREAK ABOVE 57622 UPSIDE TGT IS @ 58258/58540 , HOWEVER A CRACK BELOW 56776  DOWNSIDE TGT INTACT @ 56142/55860

WEEKLY TREND : FIRM BEARISH


SELL SILVER @ 57340 & AVERAGE ONLY IF GET 57670 FOR TARGET 56776/56142

SL - APPLY REVERSAL STRATEGY AS PER GIVEN LEVELS

BEST STRATEGY IS TO SELL ON ALL RISE & AVERAGE POSITIONS AS WEEKLY TREND IS BEARISH

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