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.