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Monday, February 9, 2009

update

MARKET ALERT AT 2.25 PM

MCX SIVER MARCH 20340, TRADERS HAVIVG

SHORTS ARE ADVISED TO EXIT SHORTS AT CMP ,

THE RESISTANCES IS NOW AT RS. 20500,

AND SUPPORT RS. 20290.

8 comments:

cheenu said...

cmp 20366.cAN I GO FOR A LONG NOW.WHAT WL B TH TREND???

akshaya said...

CHEENU,

STOP LOSS FOR LONG POSITION SILVER WILL BE 20150, FOR TARGET RS. 20480.
TREND WILL BE CLEAR ONLY AFTER NEW YORK OPENS AS THE STIMULUS PACKAGE OF OBAMA ADMN TO BE PUT TO CONGRESS TONIGHT.

AKSHAYA

mohammed said...

sir @ what time new york mkt. will open?

akshaya said...

MOHAMMAD,

NEW YORK MARKET OPENS FOR BASE METALS AT 6.30 PM AND BULLIONS AND CRUDE AT 7.30 PM.
AKSHAYA

Anonymous said...

Akshaya, U recommend here to cover the short position,but i have short at 18600,can expect any donward movement after abamas stimulas package?

akshaya said...

JUNAID,

STIMULUS PACKAGE MAY BOOST SENTIMENT OF INDUSTRIAL METALS AND SILVER TO A CERTAIN EXTENT.NEXT DOWNLEG FOR SILVER IF CUTS 20150.
AKSHAYA

cheenu said...

cmp 20366.cAN I GO FOR A LONG NOW.WHAT WL B TH TREND???

im waiting for u r rply

akshaya said...

CHEENU, SILVER STOP LOSS WOULD BE 20290 AND 20150, FOR TARGET RS.20600, WILL TURN MORE BULLISH ABOVE 20430. AT CURRENT LEVELS, SYOP WOULD BE 20150, AND LONGS ABOVE 20430, STOPS WLD BE 20290.
AKSHAYA