Thursday, July 7, 2011

Silver MCX Tips- Trading Levels for Today

Again on second consecutive day, Silver showed up a positive session and managed to close above 54000 mark with a gain of more than 1.5%. Now for the day silver is likely to trade with positive bias. 54700 will act as a crucial level. A trade above the same may help Silver to extend its bulish trend towards 55200-55000 and even 56000 level later.
Traders can buy Silver (August) above 54200 for the targets of 54500-54700 (Intraday) and can wait for the targets of 55000 also after booking the partial profit.

Below 53650 Silver is looking bearish.


Saurabh Kumar Maheshwary said...

Thanks for the tip. Helps me a lot!

Posted By Commodity MCX Tips