Friday, May 27, 2011

MCX Silver Trend- Bullion Updates

MCX Silver (July Contract) Seems to be in up trend fro the day unless the level of 56700 breaks. The prices can move further upto 59000-59500 levels which could be followed by 60000. Above this crucial level of 60000 Major rallies are anticipated which would face a corrective sell off later. In Broad perspective a direct rise above 60000 can take Silver to 63000-65000 levels.

For Intraday one can buy Silver above 57200 For The targets of 57400-57500-57800 Stoploss 56750

while Below 56700 Go for sell for the targets of 56500-56200.


Posted By Commodity MCX Tips