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Thursday, February 5, 2009

UPDATES

TECHNICALS FOR FEB 5

MCX MARCH SILVER

SHORT TERM ; SIDEWAYS

LONG TERM : BULLISH

SUPPORTS ; 19660, 19480, 19260

RESISTANCES ; 19760, 19960, 20080

WAIT FOR CONFIRMATION

17 comments:

Anonymous said...

Hi, Any cues for the day on silver

akshaya said...

JUNAID,

NOT YET, WIL ADVISE ON RECEIPT OF ANY CONFIRMATIONS.
AKSHAYA

sunny said...

hii
silver has sticked here by fevicol i think around current level........
will it will come towards down trend now along wid gold becuse of gold kaatan ?

akshaya said...

SUNNY,

SILVER LIKELY TO TEST RS. 20000 TOP 20030 LEVELS, SUPPORT NOW AT RS. 19710.
AKSHAYA

akshaya said...

JUNAID,

SILVER LIKELY TO MOVE UP AND TREST RS, 20030 LEVELS, SUPPORT IS NOW AT RS. 19710.
AKSHAYA

akshaya said...

JUNAID,
SIVER CURRENT MOMENTUM COULD TAKE IT UPTO RS. 20100!!!!!!

AKSHAYA

akshaya said...

SUNNY,

SILVER COULD TARGET RS. 20100!!!!!!!

AKSHAYA

akshaya said...

JUNAID,
SIVER CURRENT MOMENTUM COULD TAKE IT UPTO RS. 20100!!!!!!

AKSHAYA

sunny said...

hii
i have short position at 18600,,,,
so
should i short more at 20000 to level ?
plzz rep fast

akshaya said...

SUNNY
WAIT.
AKSHAYA

akshaya said...

SUNNY,

BANK OF ENGLAND AND ECB MEET TODAY AND TOMORROW TO DECIDE ON INTEREST RATE CUTS, IF ANY, WHICH COULD DECIDE THE NEXT MOVE.
AKSHAYA

sunny said...

is ECB cuts rate den silvers rate may move up or low?
n
if up up wich level ?
becoze i can hold loss at more time
plzz suggest

akshaya said...

SUNNY,

IF INTEREST RATES CUT, THE EURO BECOMES WEAK ABD THE DOLLAR STRONGER, WHICH SHOULD LOGICALLY BRING DOWN PRICES OF BULLIONS.
AKSHAYA

sunny said...

so more possibilities of cut rate of interst is more possible na .... becoze of world week markt ?

akshaya said...

SUNNY,

LOOKS AS OF NOW INDICATIONS ARE THAT RATES WOULD BE UNCHANGED ALSO, EXPECTED AROUND 6 PM THIS EVENING, INWHICH CASE BULLIONS WILL RALLY FURTHER.
AKSHAYA

sunny said...

means possiblites of raising the price r more ?

akshaya said...

SUNNY,

UNCHANGED INTEREST RATES IS WHAT THE MARKET IS NOW BETTING ON, AND PUSHING UP BULLIONS.
AKSHAYA