UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 31

MCX MARCH SILVER

SHORT TERM ; SIDEWAYS

LONG TERM : BULLISH

SUPPORTS ; 17870, 17680, 17380

RESISTANCES : 18140, 18380, 18560

WAIT FOR CONFIRMATION

UPDATES ON DEC 31 2008

DEC 31 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BULLISH


S1 RS 17810 , S2 RS 17680 , S3 RS 17460

R1 RS 18140 , R2 RS 18280 , R3 RS 18430

WAIT FOR CONFIRMATION.


March silver futures rose 17 cents to end at $10.98 an ounce.

Silver initially garnered support in Asia rising from $ 10.71

to $ 11.04 before slipping to $ 10.82 .

It rose again in London as the dollar weakened further.

After spiking to $ 11.26 in Newyork the metal eased

to $ 10.80 at the close.

UPDATE

TECHNICALS FOR NYMEX TRADING

DECEMBER 30

MCX MARCH SILVER

SHORT TERM ; SIDEWAYS

LONG TERM ; BULLISH

SUPPORTS : 17680, 17520, 17380

RESISTANCES ; 17980, 18160, 18310

WAIT FOR CONFIRMATION

UPDATE

TECHNICALS FOR DECEMBER 30

MCX MARCH SILVER

SHORT TERM ;BULLISH

LONG TERM : BULLISH

SUPPORTS ; 17920, 17760, 17610

RESISTANCES ; 18180, 18310, 18460

STAY LONG AT SUPPORTS

TECHNICALS FOR EVENING TRADE

DEC 29 MONDAY

TECHNICAL LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : BULLISH

LONG TERM TREND : BULLISH

S1 RS 17780 , S2 RS 17610 , S3 RS 17480

R1 RS 18140 , R2 RS 18300 , R3 RS 18460

STAY LONG AT SUPPORT.

update on dec 29 monday 10.40 AM IST

March MCX Silver could test Rs 18170 , if it is

able to sustain above Rs 17760.

UPDATES ON DEC 29 2008

DEC 29 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BULLISH

S1 RS 17260 , S2 RS 17030 , S3 RS 16880

R1 RS 17640 , R2 RS 17820 , R3 RS 18340

STAY LONG AT SUPPORT.

UPDATE

TECHNICALS FOR EVENING TRADE

DECEMBER 26

MCX MARCH SILVER

SHORT TERM ; SIDEWAYS

LONG TERM ; BULLISH
\
SUPPORTS ; 17000, 16860, 16540

RESISTANCE ; 17360, 17510, 17700

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR DECEMBER 26

MCX MARCH SILVER

SHORT TERM : SIDEWAYS

LONG TERM : BULLISH

SUPPORTS : 17000, 16860,16540

RESISTANCES: 17360,17510,17700

STAY SHORT AT RESISTANCES

UPDATE

UPDATE AT 5 .15 PM IST DECEMBER 24

AS FORECAST, MCX MARCH SILVER HAS COME DOWN

AND NOW TRADING AT 17045, THOSE HOLDING SHORTS

REVISE SL TO COST AT 17150 LEVELS.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 24

MCX MARCH SILVER

SHORT TERM : BEARISH

LONG TERM : BULLISH

SUPPORTS ; 17000, 16860, 16540

RESISTANCES ; 17360, 17510, 17700

STAY SHORT AT RESISTANCES

UPDATE

UPDATE AT 4 PM IST DEC 24

MCX MARCH SILVER IS EXPECTED TO TEST RS.16890

LEVELS, CURENT RESISTANCE IS AT RS.17270.

CMP RS.17150.

UPDATES

TECHNICALS FOR DECEMBER 24

MCX MARCH SILVER

SHORT TERM : SIDEWAYS

LONG TERM : BULLISH

SUPPORTS : 17000, 16860, 16540

RESISTANCES : 17360, 17510, 17700

STAY SHORT FOR INTRADAY.

Silver futures for March delivery slid 60 cents, or 5.5

percent, to $10.26 an ounce on the Comex, the biggest

drop since Dec. 1. The most-active contract has fallen

31 percent this year.

The dollar edged up against most major currencies in thin

trade as year end demand for the green back overshadowed

a round of grim US economic data suggesting a prolonged

recession.

Silver for March delivery under MCX India might see support

at Rs 17340 levels while the resistence for the same may be

at Rs 16550 levels.

UPDATE

UPDATE AT 9.30 PM IST DEC 23

SPOT SILVER BREACHED CRUCIAL SUPPORT $ 10.50

IF PRICES SUSTAIN BELOW THESE LEVELS, MAY

TEST FURTHER SUPPORT $10.26, MCX SILVER

17180 / 17560 : GOLD 13030 / 13160 .

CALL UPDATE

As Forecasted earlier MCX March Silver is at

Rs 17660.

UPDATE

UPDATE AT 5.45 PM IST DECEMBER 23

MCX MARC SILVER LIKELT TO TEST S.17580

LEVELS AND CURRENT RESISTANCE LEVEL

IS RS.17870. CMP RS.17750.

UPDATE

TECHNICALS FOR NYMEX TRADING

DECEMBER 23

MCX MARCH SILVER

SHORT TERM : SIDEWAYS

LONG TERM : BULLISH

SUPPORTS ;17630, 17380, 17060


RESISTANCES ; 17880, 18060, 18280

WAIT FOR CONFIRMATION

UPDATES

TECHNICALS FOR DECEMBER 23

MCX MARCH SILVER

SHORT TERM : SIDEWAYS

LONG TERM : BULLISH

SUPPORTS : 17530, 17380, 17160

RESISTANCES :17880, 18060,18180

WAIT FOR CONFIRMATION.

March silver futures rose slightly to $10.86 an ounce.

Silver was range bound between $ 11.06 and $ 10.91

during Asian trading.

The metal bounced between $ 10.79 and $ 10.95 in

Newyork before settling at $ 10.85 at the close.

Support and resistence are at $ 10.91 and $ 11.14

respectively.

Silver for March expiry under MCX might see support at

Rs 17580 levels and resistence can be seen at Rs 18080

levels.

MARKET ALERT ON DEC 22 MONDAY 10.15 PM IST

MCX March Silver is expected to test Rs 17380,

if it sustains below Rs 17730.

Current market Price Rs 17600.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 22

MCX MARCH SILVER

SHORT TERM : SIDEWAYS

LONG TERM : BULLISH

SUPPORTS ; 17610, 17460,17300

RESISTANCES : 17880, 18060,18180

WAIT FOR CONFIRMATION

UPDATES ON DEC 22 2008

DEC 22 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 17360 , S2 RS 17020 , S3 RS 16880

R1 RS 17640 , R2 RS 17860 , R3 RS 18080

Silver slipped on Friday after slipping to a 2 month high

the previous day .

The dollar rose as much as 1.5 %against a weighted basket of

6 major currencies.The dollar was the major issue pushing

silver down on Friday.


The dollars uptrend is still intact .This could still attract

buying from investors.

Silver for March expiry under MCX India might see support at

Rs 17100 levels and resistence for the same may be seen at

Rs 17740 and 18080 levels .

Threat of a deflationary economy usually hurts silver

which is seen as a hedge against inflation.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 19

MCX MARCH SILVER

SHORT TERM ; SIDEWAYS

LONG TERM ; BULLISH

SUPPORTS : 17360, 17020, 16880

RESISTANCES : 17640, 17860, 18080

WAIT FOR CONFIRMATION

CALL UPDATE

Book profit in MCX March silver at CMP Rs 17588.

Sell initiated earlier in the day at Rs 17615.

Wait for fresh ntries.

DEC 19 FRIDAY

FUNDAMENTAL SCENARIO

Silver slipped on Thursday after rising to a 2 month

high the previous day.

Silver fell in New york the first time this week

as the dollar rebounded eroding the appeal of the

metal as an alternative investment.

The dollar rose as much as 1.5 % against a weighted

basket of 6 currencies.

There has been a steady increase indemand in the silver backed

exchange traded fund .

Silver for March expiry under the MCX India might see support

at Rs 17580 levels while resistence may ne at Rs 18140 to Rs

18250 levels respectively.

TRADING CALL FOR DEC 19 FRIDAY

Sell Silver MCX March at CMP Rs 17615

Stop loss Rs 17790

Target 1 Rs 17480

Target 2 Rs 17360

UPDATES ON DEC 19 2008

DEC 19 FRIDAY


SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BULLISH

S1 RS 17480 , S2 RS 17320 , S3 RS 17120

R1 RS 17840 , R2 RS 18010 , R3 RS 18180

WAIT FOR CONFIRMATION.

Silver for immediate delivery fell 0.3 percent to $10.95

an ounce.

Silver followed gold lower in Asia , slipping from

$ 11.44 to $ 11.13 before easing to $ 10.98 at the

Lomdon Fix.

Silver then recouped along with gold in Newyork

pushing to $ 11.60 and settling at $ 11.41.

UPDATES

UPDATE AT 6 PM DECEMBER 18

MCX MARCH SILVER TRADING AT RS.18100,

SUPPORT AT RS. 17950, AND UPSIDE RESITANCES

AT RS. 18250 AND 18480.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 18

SHORT TERM ; BULLISH

LONG TERM : BULLISH

SUPPORTS : 17960, 17740, 17660

RESISTANCES : 18260, 18410, 18560

STAY LONG AT SUPPORTS

UPDATES

TECHNICALS FOR DECEMBER 18

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BULLISH

SUPPORTS : 17960, 17810, 17660

RESISTANCES ; 18260, 18410,18560

STAY LONG AT SUPPORTS

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 17

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BULLISH

SUPPORTS : 17740, 17580, 17370

RESISTANCES : 17980, 18160, 18360

STYA LONG AT SUPPORTS

UPDATES

TECHNICALS FOR DECEMBER 17

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BULLISH

SUPPORTS : 17410, 17280, 17070

RESISTANCES : 17680, 17810, 17960

STAY LONG AT SUPPORTS

Markt Alert on Dec 16 th Wednesday 9.30 PM IST

Spot silver trading near interim Res 10.65 $ , if

prices sustain above those levels may test further

Resistence $ 10.80 .

MCX March Silver S/R Rs 17330 / 17640.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 16

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BULLISH

SUPPORTS : 17310, 17110, 16910

RESISTANCES : 17540, 17770, 17960

STYA LONG AT SUPPORTS

UPDATES

TECHNICALS FOR DECEMBER 16

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BULLISH

SUPPORTS : 17310, 17110, 17010

RESISTANCES : 17540, 17770, 17960

STAY LONG AT SUPPORTS

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 15

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BULLISH

SUPPORTS ; 17160, 16960, 16640

RESISTANCES : 17360, 17480, 17680

STAY LONG AT SUPPORTS

UPDATES

TECHNICALS FOR DECEMBER 15

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BULLISH

SUPPORTS : 16960, 16810, 16640

RESISTANCES : 17280,, 17410, 17580

STAY ONG AT SUPPORTS

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 12

MCX JANUARY CRUDE OIL

SHORT TERM ; BULLISH

LONG TERM : BEARISH

SUPPORTS : 2330, 2280, 2230

RESISTANCES : 2380, 2430, 2500

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR DECEMBER 12

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BEARISH

SUPPORTS : 17110, 16860,16610

RESISTANCES : 17380, 17510, 17680

BUY ON DIPS

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 11

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM ; BEARISH

SUPPORTS : 17170, 17060, 16850

RESISTANCES : 17380, 17580, 17880

BUY ON DIP FOR INTRADAY

UPDATES

TECHNICALS FOR DECEMBER 11

MCX MARCH SILVER

SHORT TERM : BULLISH

LONG TERM : BEARISH

SUPPORTS : 17070, 16960, 16850

RESISTANCE: 17310,17480, 17640

BUY ON DIPS FOR INTRADAY

UPDATES ON DEC 11 2008

DEC 11 THURSDAY

Also on Nymex, March silver futures surged 35 cents to

end at $10.20 an ounce .

Silver traded at $ 9.90 to $ 10.05 in Asia .

How ever in early New York trade it was bid lower aggresively

down $ 9.70 .Golds move proved some support and silver

managed to close at $ 9.84.

In the MCX March silver it shall find support at Rs 16650

to Rs 16500 whereas resistence is seen at Rs 17080 to

Rs 17400.

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 10

MCX MARCH SILVER

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 16860, 16660, 16460

RESISTANCES : 17080, 17280, 17540

WAIT FOR CONFIRMATION

UPDATES ON DEC 10 2008

DEC 10 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 16700 , S2 RS 16560 , S3 RS 16300

R1 RS 17020 , R2 RS 17380 , R3 RS 17640

WAIT FOR CONFIRMATION

March silver futures fell 12 cents to $9.85 an ounce

Silver tracked gold higher in Asia and London trading ,

risisng from $ 9.50 to $ 9.94 before stabilising at $ 9.73

at PM Fix.

Fund buying interest at the New york open saw the metal

jump to $ 10.32 before range trading between $ 10.38 and

$ 10.11 for the rest of the session and the n settling at $ 10.01.

Support and resistence are seen at $ 9.70 and $ 10.36

respectively today.

TECHNICAL LEVELS FOR NYMEX TRADE

DEC 9 TUESDAY

SHORT TERM TREND ; SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 16920 , 16760, 16610

R1 17180, 17320, 17510

WAIT FOR CONFIRMATION

TECHNICAL LEVELS FOR NYMEX TRADE

DEC 8 MONDAY

TRADNG LEVELS FOR NYMEX TRADE IN THE EVENING

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 16700 , S2 RS 16560 , S3 RS 16300

R1 RS 17020 , R2 RS 17380 , R3 RS 17640

WAIT FOR CONFIRMATION.

UPDATES ON DEC 8 2008

DEC 8 MOBDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 16340 , S2 RS 16160 , S3 RS 16000

R1 RS 16620 , R2 RS 16780 , R3 RS 16940

TECHNICAL LEVELS FOR NYMEX TRADE

DEC 5 FRIDAY

TRADING LEVELS FOR NYMEX TRADING

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 16530 , S2 RS 16380 , S3 RS 16160

R1 RS 16780 , R2 RS 16970 , R3 RS 17140

WAIT FOR CONFIRMATION.

UPDATES ON DEC 5 2008

DEC 5 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 16530 , S2 RS 16380 , S3 RS 16160

R1 RS 16780 , R2 RS 16970 , R3 RS 17140

STAY SHORT AT RESISTENCE.

March silver futures fell 0.5% to $9.52 an ounce.

Silver was very quiet yesterday . It tracked gold for

direction .

Spot gold prices traded range bound during yesterdays

trading session and prices were unable to close

above the $ 780 mark.

The dollar continued to strengthen and deflationary

pressures continued to be felt the world across

reduced the appeal of the preciou metal as an

alternative investment.

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 4

MCX MARCH SILVER

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 16660, 16520, 16360

RESISTANCES : 16890, 17040, 17180

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR DECEMBER 4

MCX MARCH SILVER

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 16530, 16380, 16180

RESISTANCES : 16890,17040, 17180

STAY SHORT AT RESISTANCES

UPDATES ON DEC 4 2008

DEC 4 THURSDAY

March silver futures fell 0.3% to $9.59 an ounce.

Silver kept tracking gold. After pushing lowwr towards

$ 9.20 in the afternoon trading in Tokyo , support returned on

the back of higher gold prices.

The metal thrn moved gradually higher and closed

at $ 9.60 in New York.

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 3

MCX MARCH SILVER

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 16570, 16360, 16120

RESISTANCES : 16780, 16920, 17120

STAY SHORT AT RESISTANCES

UPDATES ON DEC 3 2008

DEC 3 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 16580 , S2 RS 16360 , S3 RS 16120

R1 RS 16910 , R2 RS 17080 , R3 RS 17210

STAY SHORT AT RESISTENCE.

March silver futures rose 2.5% to $9.615 an ounce.

Silver tracked gold and slided from $ 10.30 to $ 9.82

before rapidly falling to $ 9.20 ahead of New york

trading where it drifted sideways and settled at

$ 9.38.

Support is seen at $ 9.08 and resistence is seen at $ 9.30.

UPDATE

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 2

MCX MARCH SILVER

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 16540, 16360,, 16120

RESISTANCES : 16800, 17010, 17380

STAY SHORT AT RESISTANCES

UPDATES ON DEC 2 2008

DEC 2 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 16480 , S2 RS 16230 , S3 RS 16060

R1 RS 16850 , R2 RS 17040 , R3 RS 17230

STAY SHORT AT RESISTENCE.

Silver saw little action . The metal was steadily lower

throughout the day.Some buying returned when gold

moved higher , pushing the metal from the lows of

$ 10.15 to close at $ 10.23.

UPDATES

TECHNICALS LEVELS AT 4 PM DECEMBER 1

BEFORE NYMEX TRADING COMMENCES

MCX MARCH SILVER

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 17160,, 16860, 16660

RESISTANCES : 17380, 17560, 17760

STAY SHORT AT RESISTANCES

UPDATES ON DEC 1 2008

DEC 1 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 17420 , S2 RS 17310 , S3 RS 17160

R1 RS 17680 , R2 RS 17860 , R3 RS 18040

Silver was at $ 10.12 / oz (AM FIX ) on Friday versus

$ 10.26 / ouce the previous day.