In MCX it has a strong support at Rs 19280. If it breaks that level it will test Rs 19000. If you are having short position you could keep todays high as a stop loss and run your position. Any other query let us know. Would be glad to help. AKSHAYA.
ATTENTION MR JUNAID These days silver takes its cues from dollar strength or weakness and economic and inflationary factors in the international scenario as a hedge against any of the above. Any other query let us know. Would be glad to help. AKSHAYA.
MR.SUNNY, HUGE SHORTS SEEM TO BE BUILT UP IN SILVER WHICH IS WHAT IS HOLDING PRICES AT HIGHER LEVELS, WE DO NOT SEE IMMEDIATE BIG DOWN CORRECTION, HOWEVER MAJOR , IMMEDIATE RESISTANCES SEEN AT RS.19500 LEVELS,WHICH MAY GIVE FURTHER UPSIDE MOMENTUM.FURTHER EVERY WEEK DATA COMING OUT IS WEAK FOR ECONOMY AND HENCE BULLIONS SEEM TO BE SAFER HEAVENS FOR INVESTORS.
9 comments:
I have short at 17880 & 19150, can i hold or cover the position
wat should i do for my short position @ 18600?
book loss or wait the rate may come down after 5 feb tat is golds closing date ?
i have short on silver at 18551
ATTENTION MR JUNAID
Silver has support at $ 12.
In MCX it has a strong support at Rs 19280. If it breaks that level it will test Rs 19000.
If you are having short position you could keep todays high as a stop loss and run your position.
Any other query let us know. Would be glad to help.
AKSHAYA.
Thanks a lot for your advice, i would like to know on what basis the silver takes its movements, is it dollar or equity market.
ATTENTION MR JUNAID
These days silver takes its cues from dollar strength or weakness and economic and inflationary factors in the international scenario as a hedge against any of the above.
Any other query let us know. Would be glad to help.
AKSHAYA.
i feel great to know the tips from you,why don’t you become technical analysts on any major business channel
MR.SUNNY,
HUGE SHORTS SEEM TO BE BUILT UP IN SILVER WHICH IS WHAT IS HOLDING PRICES AT HIGHER LEVELS, WE DO NOT SEE IMMEDIATE BIG DOWN CORRECTION, HOWEVER MAJOR , IMMEDIATE RESISTANCES SEEN AT RS.19500 LEVELS,WHICH MAY GIVE FURTHER UPSIDE MOMENTUM.FURTHER EVERY WEEK DATA COMING OUT IS WEAK FOR ECONOMY AND HENCE BULLIONS SEEM TO BE SAFER HEAVENS FOR INVESTORS.
MR.SUNNY
CURRENT STRONG SUPPORT IS AT AROUND RS.18950 LEVELS.
AKSHAYA
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