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Wednesday, February 18, 2009

UPDATE

TECHNICALS FOR NYMEX TRADING

FEB 18

MCX MARCH SILVER

SHORT AND LONG TERM TREND ; BULLISH

SUPPORTS ; 23160, 22980, 22760

RESISTANCES ; 23360, 23520,23780

HOLD LONGS

8 comments:

Unknown said...

i have short the silver march in 20400. so should i exit or wait?

akshaya said...

ATTENTION MR ANKIT
Overall trend for silver remains bullish.
It has support at Rs 22600.
May be bif it breaks that it could correct a little.
AKSHAYA

Anonymous said...

Hi Akashaya, i feel everboy were bearish on silver & went short on every high level,but silver is just moving like fire, will silver touch the october08 high this time or even more?

akshaya said...

ATTENTION MR JUNAID
As fears of the economy continues we feel it should test in the medium term Rs 25980.
AKSHAYA

akshaya said...

ATTENTION MR JUNAID
We have typed by mistake the medium target of silver.
It is Rs 23865.
AKSHAYA

raj said...

sir
today obama has singed some stimulus package is there any rally expected in base metals and gold and silver as well as crude and natrualgas thank

akshaya said...

ATTENTION MR RAJ
FED Chairman Ben Bernake has given a statement late last night on the us economic crisis and he has portrayed a very bleak picture and that was why bullions rallied late last night.
We expect bullions to be positive and base metals to be negative.
Obama's stimulus package has already been factored in.
AKSHAYA.

akshaya said...

DEAR ALL,

WE ARE TAKING SUBSCRIBERS FOR OUR CALLS IN METALS, BULLIONS AND ENERGY AT RS. 3500 PER MONTH, MESSAGES WILL BE GIVEN BY SMS OR YAHOO MESSENGER.
AKSHAYA