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Friday, January 30, 2009

UPDATES

TECHNICALS FOR JAN 30

MCX MARCH SILVER

SHORT TERM ; BEARISH

LONG TERM : BULLISH

SUPPORTS ; 19400, 19230,19010

RESISTANCES ; 19680, 19810, 19960

WAIT FOR CONFIRMATION

6 comments:

Anonymous said...

Can i hold my short or cover, i have short 19400 5 lots

akshaya said...

ATTENTION MR JUNAID
Silver is now consolidating .There seems to be a slight upward bias.
It has support at Rs 19540 and then at Rs 19380.The immediete Resistance seems to be at Rs 19880.
AKSHAYA

Anonymous said...

can i see some down turn once obamas stimulas package is rolled out

akshaya said...

ATTENTION MR JUNAID
Theoriticaly once the obama package is rolled out , dow jones will rally and bullions should turn negative. But yesterday even though dollar was strong bullions were positive in closing and bullish undertone is still continuing.
AKSHAYA.

sunny said...

wat should i do i have short position at 18600?
should i average it or wait or book loss?

akshaya said...

mr.sunny,

siver expected to go up and test rs. 19850 levels and support now seen at rs. 19500.
akshaya