Wednesday, 29 August 2012

MTECHTIPS: INTRADAY TRADING ANALYSIS

Mcx silver sep expiry future currently trading at 57,495 with loss of -0.25%.today hit high of 57,861 while day low was 57,367.here also intraday trend and momentum is bearish and stay short with stoploss above 58,200. intraday supports for today are 57,300 and 56,800 while on upside intraday resistances are 57,850 and 58,200.in medium term view silver prices may correct upto 56,000.
� i e XOs � -align:baseline'>traders on gold stay short or go short around 31,000 with stoploss above 31,140 for downside targets.we are bearish on gold!while positional and swing traders watch major support of 30,800 if break on closing basis go short for target 30,200 with stoploss above 30,150.


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