February 07, 2012

MCX Silver Trend with Intraday Tips

MCX Silver (Mar) is trading in a down trend currently trading at 56148, it is down by 281 Rs or a loss of (0.51%). The Silver is advised to sell for intraday session. MCX Silver prices have reversed after taking resistance at 56500 levels making mcx silver (Mar) in sell mode and prices are below short term averages. MCX Silver prices are expected to correct up to levels of 55500.

MCX Silver Intraday Recommendation:

Sell around 56300 levels with a stop loss placed above 56600 levels for targets of 55500 levels.

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