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Sunday, January 22, 2017

SILVER UPDATES FOR JAN 22 2017

SUNDAY




WEEKLY UPDATE




Silver in international market last week moved from 16.7$ to 17.2$ and closed at 17.06$



trend for the commodity looks sideways to bearish any breakdown below 16.9$



Is once again considered as bearish and we expect prices to correct at least up



to 16.5 – 16.3 levels, sell only below 16.9$ is advisable.




Weekly Call :




Sell Silver International only below 16.9$



and add further on rises up to 17$



with SL above 17.25$ '



for targets 16.5$ - 16.3$.



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Thursday, January 19, 2017

SILVER UPDATES FOR JAN 19 2017

THURSDAY 5.45 PM IST



TRADING CALL



Sell SilverM 3 @ 41340 - 41360



SL above 41490



Tgt 41150 - 40950e




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SILVER UPDATES FOR JAN 19 2017

THURSDAY




TRADING LEVELS FOR MORNING SESSION




MCX SILVER




SUPPORT 1 41300




SUPPORT 2 40900



SUPPORT 3 40600




RESISTANCE 1 41700



RESISTANCE 2 42000



RESISTANCE 3 42350



WAIT FOR CONFIRMATION




Silver rose in the evening session and hit a high of $ 17.358




In the Mcx Silver hit a high of Rs 42086





breaking the resistance of Rs 42000





Mcx Silver has opened this morning weaker with current low Rs 41383




Currently trading at Rs 41430



Immediate resistance seen at Rs 41700



And support at 41300



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