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Monday, February 9, 2009

UPDATES ON FEB 9 2009

FEB 9 MONDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BULLISH

S1 RS 20410 , S2 RS 20240 , S3 RS 20000

R1 RS 20680 , R2 RS 20880 , R3 RS 20960

STAY LONG AT SUPPORT.

8 comments:

Anurag said...

Better to Exit Short Position in
Gold & Silver

Y/N??

akshaya said...

ATTENTION MR ANURAG
It is better to exit short positions in gold and silver.
AKSHAYA.

cheenu said...

im new to trade what is short and long position

Anonymous said...

Can we see some correction today in Silver?so that i wait & cover my short,as i have short at 18600 which will not come in near future,pls revert

akshaya said...

ATTENTION MR JUNAID

Silver has support at Rs 20380 and resistance is at Rs 20480.
There is a sell call in gold now.
So may be you can wait and see what appens.
AKSHAYA.

akshaya said...

ATTENTION MR CHEENU
Short position means : You sell at a particular prices assuming that it will come down. And then buying the same at a lower price.
Long position : Is the reverse.
You buy at a particular price thinking prices will go up and covering at a higher price.
Hope you are now clear.
AKSHAYA.

cheenu said...

Thanks Akshaya im buy 20406 when i come out

akshaya said...

ATTENTION MR CHEENU

You could may be run you position keeping Rs 20380 as stop loss as it is a good support for Silver.
The immediete resistance for the same can be seen at Rs 20480.
AKSHAYA.