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Friday, February 6, 2009

MARKET ALERT ON FEB 6 FRIDAY 12.55 PM IST

MCX March silver is expected to test Rs 20480 ,

if it sustains above Rs 20150.

CMP Rs 20290.

10 comments:

Anurag said...

I Buy At 20260
Cmp (20260)

What Would Be Stock Loss & Target

T1 = 20400 Or ????

T2 = ??

akshaya said...

anurag,

siver stop loss ; s1: 20150 s2:20050

target 20360, 20480.
akshaya

cheenu said...

i sell 20167 shall i come out now..............

akshaya said...

ATTENTION MR CHENTHIL
Silver has strong resistance at Rs 20360 and 20480.
Support is at Rs 20050.
It is having a upward bias.
But may be you could keep 20480 as your stop loss and run your position.
AKSHAYA

Anurag said...

Silver Isn't moving
Range Bound (20170 - 20230)

What To Do?

Cmp (20212)

When will Upward Moment Start.

akshaya said...

ATTENTION MR ANURAG
Silver is having only a positive bias.
IT will start having any major movement only after nymex opens in the evening.
AKSHAYA.

sunny said...

hii
wat are the chance of silver now ?
is it go above 21000??????
im having short position at 18600..
plzzzz suggest me wat to do ????
1 book loss ????
2 average??????
3 wait????????
plzzzzzzzzzzzzzzzzz suggest

akshaya said...

ATTENTION MR SUNNY
We understand your position fully.
Silver has the initial resistance at Rs 20480 and if it sustains above that it could even test Rs 20690.
Support is seen at Rs 20100.
May be if it cuts 20480 you could book partial loss and hold the remaining short positions.There will definitely have to come some profit booking at higher levels and there will also be some technical correction.
Will infm you at once as there is any news.
AKSHAYA

Anonymous said...

Hi, Akshaya, what could be the peak level of silver? shall i cover the position & roll over to next series?

akshaya said...

ATTENTION MR JUNAID
Silver only seems to have an upward bias.
It is expected to test Rs 20630.
The initial resistance is at Rs 20690.
It has support at Rs 20100.
May be if it crosses 20690 you could book partial loss.
There will be some profit booking at higher levels and there will also be some technical correction .
As and when any negative news will infm you at once.
AKSHAYA.