You could go short in Silver at current levels.Maintain stops at todays high. It has a strong support at Rs 19230 and then at Rs 19130. If it breaks these levels there could be further downside. AKSHAYA.
ATTENTION MR JUNAID yes, do up now around 115 points, bullions effectively not able to break decisively either direction to take a firm direction call, yes silver cut the previous day high and trigged a lot of stops.
ATTENTION MR JUNAID Critical level for silver is closing above Rs 19500 at the end of todays session. Suggest following the same for exiting at least one of your short positions as your current average cost is Rs 18825. Tonight the stimulus economic package of the Obama administration is being presentedto Congress and there are no doubts that it will get approved which ill stimulate the stock market and base metal group.This may a converse effect on bullions ! AKSHAYA.
All base metals on upswing currently and momentum is expected to hold over night on hopes of Obama's stimulus economic package to congress today. More over todays news is of further production cuts by key Nickel manufacturers which may hold prices at current levels. AKSHAYA.
12 comments:
Hi
Short or long with silver at current level.
ATTENTION MR JUNAID
You could go short in Silver at current levels.Maintain stops at todays high.
It has a strong support at Rs 19230 and then at Rs 19130.
If it breaks these levels there could be further downside.
AKSHAYA.
Thanks, is the commodity follows Dow jones or FTSE?
ATTENTION MR JUNAID
Commodity follows Dowjones.
AKSHAYA.
Thanks, is it in opposite direction or same direction.
ATTENTION MR JUNAID
Bullions may react conversely.
AKSHAYA.
But Dow is in rally mood today but silver is also in rally?
ATTENTION MR JUNAID
yes, do up now around 115 points, bullions effectively not able to break decisively either direction to take a firm direction call, yes silver cut the previous day high and trigged a lot of stops.
Thanks a lot sir, its good to hear from you, i have short at 17880,19150,19450. Its better to square off at cost or wait for profit?
sir
what is the closing of jan nickel today
ATTENTION MR JUNAID
Critical level for silver is closing above Rs 19500 at the end of todays session.
Suggest following the same for exiting at least one of your short positions as your current average cost is Rs 18825.
Tonight the stimulus economic package of the Obama administration is being presentedto Congress and there are
no doubts that it will get approved which ill stimulate the stock market and base metal group.This may a converse effect on bullions !
AKSHAYA.
ATTENTION MR ANGELGULBARGA
All base metals on upswing currently and momentum is expected to hold over night on hopes of Obama's stimulus economic package to congress today. More over todays news is of further production cuts by key Nickel manufacturers which may hold prices at current levels.
AKSHAYA.
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