OCT 6 MONDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 22300 TO 22880
LONG TERM TREND : BULLISH : TARGET RS 24800
S1 RS 22340 , S2 RS 22180, S3 RS 21900
R1 RS 22480 , R2 RS 22660 , R3 RS 22900
MARKET IS EXPECTED TO MOVE SIDEWAYS.
Silver experienced one of the sharpest drop of
the past decade last Thursday bringing the price
to near the lowest in a year.
analyst say the short term indicators continue to
remain negative.It appears to be influenced
by the crude oil market which is trading near
$ 94 .Crude oil is near the lowest price in 6
months.it is also influenced by the US dollar
which seems show signs of recovering against
all major currencies.
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