Gold has support at Rs 14200 and silver has support at Rs 19660. Intraday it looks like it will trade sideways. As and when movement in either direction would let you know. AKSHAYA.
Thanks a lot for your valuable inputs, still i get confused on the movements some times dollar gets strong but still bullion rally,when Dow rally bullion rally,difficult to find the fundemental behind the rally or hammer
ATTENTION MR JUNAID Sometimes fundamentals dont work. The market depends on so many other variable factors that it becomes difficult to predict it . We are there to help you with any intra day queries as and when you would need. AKSHAYA.
hiii akshaya as we have seen gold has tested its life time high.....is its now silver turn to test its life time high ? i have short position @ 18600 in silver wat do u suggest now should i hold ?
ATTENTION MR SUNNY, The immediete support for MCX March silver is seen at Rs 19650 levels. The next support is seen around Rs 19522 and then at Rs 19480. Looks a bit bearish for intra day right now. AKSHAYA
12 comments:
Hold short or cover the position then go fresh long?
JUNAID,
WAIT FOR FRESH POSITIONS, WILL UPDATE.
AKSHAYA
ATTENTION MR JUNAID
Gold has support at Rs 14200 and silver has support at Rs 19660.
Intraday it looks like it will trade sideways.
As and when movement in either direction would let you know.
AKSHAYA.
movement get intense only when LME is open?or NYMEX?
ATTENTION MR JUNAID
Movement is more intense when Nymex opens , but some movement will start when LME opens around one thirty in the afternoon.
AKSHAYA.
Thanks a lot for your valuable inputs, still i get confused on the movements some times dollar gets strong but still bullion rally,when Dow rally bullion rally,difficult to find the fundemental behind the rally or hammer
ATTENTION MR JUNAID
Sometimes fundamentals dont work.
The market depends on so many other variable factors that it becomes difficult to predict it .
We are there to help you with any intra day queries as and when you would need.
AKSHAYA.
hiii akshaya
as we have seen gold has tested its life time high.....is its now silver turn to test its life time high ?
i have short position @ 18600 in silver wat do u suggest now should i hold ?
ATTENTION MR SUNNY
Intra day MCX March Silver is expected to test Rs 19560.
Will confirm if there is any more down side as and when it breaks crucial support.
AKSHAYA
wich is the main crucial support of silver ?
it can test below 19000 today ?>
ATTENTION MR SUNNY,
The immediete support for MCX March silver is seen at Rs 19650 levels.
The next support is seen around Rs 19522 and then at Rs 19480.
Looks a bit bearish for intra day right now.
AKSHAYA
SUNNY,
SILVER HAS GAINED A BIT OF MOMENTUM AND COULD TEST RS. 19900 TO 19950 LEVELS.
AKSHAYA
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