Friday, September 23, 2011

Commodity Silver Trend: Trading Strategy

On the back of weak global cues, a sharp decline has been seen today in all commodities. Silver prices has suffered more than 8% loss and still not looking in a mood of recovery till 56500 but this oversold position may also invite some short recovery rallies towards 57500-58000 level which may extend till 60000 even. But below 56500 Silver may further fall down to 55800 level.

One can go for Short in Silver around 57000-56900 TG-56500 SL- 57300. Above 57550 Go for Buy.


Anju Shukla said...

• Safari Industries
o Revenues up 19 % at Rs 88 cr
o Net profit up 268 % at Rs 3.5 cr
o EBITDA up 98 % at Rs 8.3 cr
o Margins at 9.4 % versus 5.7 %Nifty Futures Tips

Posted By Commodity MCX Tips