Friday, June 24, 2011

MCX Silver Trend Today- Intraday Tips

The same happened as we predicted yesterday in silver MCX. Now the initial trend is supporting the level of 51900 if silver trades below 52200 while the level 52600 is seems to be the nearest resistance zone above which Silver may catch some momentum towards 52900-53400. In Broad perspective if silver breaks the level of 51500, a direct sell off can drag silver down to 49900-59500 later.

For Intraday one can buy Silver July contract above 52500 fir the targets of 52800-53000 Stoploss- 52100
Below 52100 sell for the targets of 51900-51700


Posted By Commodity MCX Tips