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.

1 comments:

Saurabh Kumar Maheshwary said...

Thanks for the tip. Helps me a lot!

 
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