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Wednesday, January 28, 2009

UPDATES ON JAN 28 2009

JAN 28 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BULLISH

S1 RS 19360 , S2 RS 19210 , S3 RS 19060

R1 RS 19610 , R2 RS 19760 , R3 RS 19940

Silver tracked gold through out the day , rising

from $ 11.84 to $ 12.18 ahead of teh New York session.

It slipped to $ 11.98 at the open of New york

open before resuming its upward move to $ 12.29

and closing at $ 12.11.

2 comments:

sunny said...

i have a short position of silver feb at 18600 should i hold n wait or book loss???

akshaya said...

ATTENTION MR SUNNY
Silver has support at $ 12.

In MCX Silver has support at Rs 19280.
If it breaks that it could test Rs 19000.
Depending on your risk apetite you could keep todays high Rs 19410 as a stop loss and run your position. Any other query would be glad to hrlp.
AKSHAYA.