CLOSING COMMENTARY FOR AUG 31 MONDAY

Silver prices came down initially and re gained till

14.90$. Strong res level seen at 15$ and a close above

could be more positive. Selling may come around the res

levels and prices need to close above the res for

further bullish movemnt. No much movement seen .

Silver prices came down intially till its strong sup of

23800 and regained till 24100. Strong res seen around

24100 and a close above could take prices till 24400

levles. strong sup seen around 23800 - 23600.

MARKET ALERT ON AUG 31 MONDAY 9.30 PM IST

MCX Dec silver has breached day high resistance of

Rs 24075 and cld test Rs 24200 / 24275

Current support seen below RS 23920.

MKT ALERT AT 5 PM AUG 31

BUY MCX NOV MINI SILVER AROUND 23925 SL BELOW 23820 TGT 24100/24150

TECHNICALS FOR AUG 31

MCX SEPT SILVER

SUPP; 23580/23420/23260

RES: 23860/24010/24160

PREFER LONGS AT SUPPORTS

CLOSING COMMENTARY FOR AUG 28 FRIDAY

Silver dollar went up taking U turn around 14$. Strong

buying around sup level taken silver upto 14.50$. A

close above 14.50$ could be more positive

till 15 $ - 15.50$.

Silver prices went up sharply above 23300. Prices seen

testing 23800 levels. Prices looks firm above 23800

and could test 24000 - 24300 levels. Strong sup seen

around 23550. Overall looks firm.

MARKET ALERT ON AUIG 28 FRIDAY 8.20 PM IST

MCX Sept silver now has support at Rs 23600 levels

Res can be seen at Rs 24000

MP Rs 23780

could test Res.

MARKET ALERT ON AUG 28 FRIDAY 11.35 AM IST

MCX Sept silver now has support at Rs 23250 levels

and Res can be seen at Rs 23630 levels

Longs can be entered at Rs 23430 levels .

UPDATES FOR AUG 28 2009

AUG 28 FRIDAY

S1 RS 23160 , S2 RS 23050 , S3 RS 22870

R1 RS 23430 , R2 RS 23560 , R3 RS 23710

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR AUG 27 THURSDAY 10.15 PM IST

Silver dollar prices continuos its range bound between

14$ - 14.50$. Like Gold Silver prices moving avg seen

around 14.20$. Prices highly range bound and yet to

decide further trend.On weekly basis Prices looks weak

below a break and close of 14$.

Silver prices came down as yesterday had a negative doji.

Prices seems range bound between 23100 - 23400. Very

strong levels seen between 23000 23200 which could

be a trend decider.

MARKET ALERT ON AUG 27 THURSDAY

8.40 PM IST


MCX Sept silver looks weak at CMP Rs 23150

it could test Rs 22950 leels

Res is seen at Rs 23310 levels.

MARKET ALERT ON AUG 27 THURSDAY 4.45 PM IST

Sell Silver Sept looks weak below 23270

Res is seen above 23430

T1 23100

T2 22950

MARKET ALERT ON AUG 27 THURSDAY 12.40 PM IST

MCX Sept silver now has support at Rs 23400 levels

and Res can be seen at Rs 23100 levels

cmp Rs 23310.

could test support.

MARKET ALERT FOR AUG 27 THURSDAY 10.30 AM IST

MCX Sept silver noe has support at RS 23240

Res can be seen at Rs 23450 / 23535

CMP Rs 23480 .

UPDATES FOR AUG 27 2009

AUG 27 THURSDAY

S1 RS 23270 , S2 RS 23180 , S3 RS 23050

R1 RS 23560 , R2 RS 23710 , R3 RS 23880

WAIT FOR CONFIRMATION.

: Silver prices range bound between 23300 - 23500.

Prices and short term trend looks positive. A break

and close above 23500 could be more positive till

23700 - 24000 levels. Strong sup seen around 23200

- 23000.

Silver dollar range bound between 13.80$ - 14.50$.

Prices seems range bound with some positive bias. No

strong buying seen as prices not moving strongly

upwards. A break and close above 14.50$ could be more positive.

TECHNICALS FOR NYMEX TRADE FOR AUG 26 2009

AUG 26 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 23190 , S2 RS 23080 , S3 RS 22870

R1 RS 23430 , R2 RS 23560 , R3 RS 23710

WAIT FOR CONFIRMATION.

MARKET ALERT ON AUG 26 WEDNESDAY 11.30 AM IST

MCX Sept silver now has support at Rs 23300\

and Res can be seen at Rs 23650 levels

Buy could be initiated at 23465 levels.

UPDATES FOR AUG 26 2009

AUG 26 WEDNESDAY

S1 RS 23190 , S2 RS 23080 , S3 RS 22870

R1 RS 23430 , R2 RS 23560 , R3 RS 23710

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR AUG 25 TUESDAY

Silver dollar prices went up and trading above its

strong res level of 14$. Prices seems stuck around

14$ mark. A positive close above 14.30$ could be

more positive. Overall prices seems positive.

A break above 14.50 $ seems more positive ..

Wait for confirmation .

UPDATES FOR AUG 25 2009

AUG 25 TUESDAY

S1 RS 23085 , S2 RS 22940 , S3 RS 22780

R1 RS 23310 , R2 RS 23480 , R3 RS 23660

WAIT FOR CONFIRMATION.

Silver dollar went up initially from 14.20$ till 14.50$.

Strong sup seen around 14$. Prices went up initially

but hovering around the highs and range bound seen

around highs. A close above 14.25$ seems positive til

14.60$ - 14.80$. Silver prices in MCX went up initially

above its strong sup of 23000. Prices trading range bound

around 23400 - 23500. Res seen around 23500- 23600. A

close above 23500 could test 24000.

mkt alert at 4.40 pm aug 24

Buy1 lot in Mcx Nov Mini Silver at 23542-23500 SL: below: 23200

TGT: 23990 Cmp: 23542.

MARKET ALERT ON AUG 24 MONDAY 1.45 PM IST

MCX Sept sept silver looks bullish above Rs 23390 ,

it could test Rs 23520 / 23600.

Support is seen below Rs 23250 .

MARKET ALERT ON AUG 24 MONDAY 10.15 AM IST

MCX Sept silver now has support at Rs 23070

Res can be seen at Rs 23384 / 23530

CMP Rs 23260.

UPDATES FOR AUG 24 2009

AUG 24 MONDAY

S1 RS 22950 , S2 RS 22780 , S3 RS 22620

R1 RS 23260 , R2 RS 23410 , R3 RS 23570

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR AUG 21 FRIDAY

Silver prices recovered sharply from its strong

sup of around 13.80$ levels. Prices crossed above

14.00$. Prices having strong res of around

14.30 $. Prices need to close above this levels

for more upside till 14.6$,

Silver prices in MCX went up and crossed its strong

res of 23000. Prices looks firm above 23000 on a

closing basis. Prices expected to test 23400 - 23500

soon above res levels. strong sup seen around

22800 - 22500.

MARKET ALERT ON AUG 21 FRIDAY 7.45 PM IST

MCX Sept silver looks strong at CMP Rs 23140

it could test Rs 23300

Support is seen at Rs 23000.

MKT AERT AT 6 PM AUG 21

MCX NOV MINI SILVER ; OUR POSITION BUY AT 22870 FOR TGT 23400

CMP 23385/ BOOK FULL PROFITS AT 23350 TO 23400

( CALL GIVEN 19 AUGUST).)

MKT ALERT AT 5.45 PM AUG 21

MCX AUG MINI SILVER FULL TGT ACH AT 23070 ( BUY AT 22900)

BOOK FULL PROFITS.

MKTA LERT AT 5.30 PM AUG 21

MCX AUG MINI SILVER UPDATE : TRADERS HOLDING LONGS AT

22900 FOR TGT 23070/ BOOK PART PROFITS AT 22980 TO 23000/

OTHERS FOR TGT .

MARKET ALERT ON AUG 21 FRIDAY 4.00 PM IST

MCX Aug Silver mini BUy at 22900-870

SL below 22760

TGT 23070

UPDATES FOR AUG 21 2009

AUG 21 FRIDAY

S1 RS 22760 , S2 RS 22620 , S3 RS 22480

R1 RS 23070 , R2 RS 23180 , R3 RS 23310

WAIT FOR CONFIRMATION.

MARKET ALERT ON AUG 20 THURSDAY 3.50 PM IST

MCX Sept silver traders can add fresh longs at Rs 23175

to Rs 23195

Support below Rs 23000

Target Rs 23400

MKT ALERT AT 11.30 AM AUG 20

MCX NOV MINI SILVER CMP 23199/ TRADERS HOLDING LONGS AS

PER OUR BUY AT 22870 LAST NIGHT BOOK FURTHER PROFITS.

technicals for aug 20

MCX SEPT SILVER

SUPP: 22750/22620/22480

RES; 23070/23180/23310

WAIT FOR ENTRY

CLOSING COMMENTARY FOR AUG 19 WEDNESDAY

Silver prices dropped for the 4th day in MCX.

Prices broken strong sup of 23000 and came down

till its very strong sup of 22500. Silver need

to close above 23000 and could take it to more

highs again till 23400 - 23500 levels...

Wait for confirmtion

MKT ALERT AT 7.20 PM AUG 19

MCX NOVEMBER MINI SILVER CMP 23040, LOW RISK/ MULTIPLE

LOT HOLDER BOOK PART PROFITS ( BUY AT 22870)/ OTHERS HOLD FOR TGT

mkta lert at 7 pm aug 19

Buy Mcx Nov Mini Siver at 22820-22870 SL: below: 22600

TGT: 23400

MARET ALERT ON AUG 19 WEDNESDAY 1.40 pm ist

Low risk traders holding sells as per our call

given in the morning book partial profits

at CMP Rs 22552

Others trail cost as sl and hold for tgts.

MKT ALERT AT 12.30 PM AUGUST 19

MCX MINI SILVER AUGUST IS WEAK BELOW 22740

WITH RES ABV 22850 AND CLD TEST 22600/22500 LEVELS.

MARKET ALERT ON AUG 19 WEDNEESDAY 12.15 PM IST

MCX Sept silver cld test Rs 22450 levels

Res is seen at Rs 22800 levels

CMP Rs 22690.

UPDATES FOR AUG 19 2009

AUG 19 WEDNESDAY

S1 RS 22780 , S2 RS 22610 , S3 RS 22520

R1 RS 23000 , R2 RS 23420 , R3 RS 23360

WAIT FOR CONFIRMATION.

Silver prices in MCX may turn upside if closes

and buying comes above 23000. Prices have strong

sup of 23000 levels. A close above this could take

prices till 23400 again. Wait and watch for 23000

Silver dollar prices range bound between its strong

sup of 13.80$ - 14 $. Prices seems negative below 14$

mark. No clear trend seen in Silver dollar. Wait

for confirmation.

TECHNICALS FOR AUG 18 NYMEX TRADING

MCX SEPT SILVER

SUPP; 23030/ 22920/22740

RES; 23260/23340/ 23510

MARKET ALERT ON AUG 18 TUESDAY 12.55 PM IST

MCX Sept silver is expected to test Rs 23400 levels

if it sustains above RS 23000.

buy could be initiated at Rs 23220 levels.

TECHNICALS FOR AUGUST 18

MCX SEPT SILVER

SUPP; 22960/22780/22610

RES; 23180/23320/23460

WAT FOR CONFIRMATION

TECHNICALS FOR NYME XTRADING AUGUST 17

MCX SEPT SILVER

SUPP; 23185/23030/22870

RES; 23430/23580/23720

WAIT FOR CALLS

TECHNICALS FOR SEPT SILVER

SUPP: 23610/23480/23330

RES: 23890/24080/24210

WAIT FOR CALLS

TECHNICALS LEVELS FOR NYMEX TRADE FOR AUG 14 2009

AUG 14 FRIDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 24080 , S2 RS 23940 , S3 RS 23770

R1 RS 24270 , R2 RS 24360 , R3 RS 24510

WAIT FOR CONFIRMATION.

UPDATES FOR AUG 14 2009

AUG 14 FRIDAY

S1 RS 23870 , S2 RS 23740 , S3 RS 23550

R1 RS 24110 , R2 RS 24230 , R3 RS 24360

WAIT FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADE FOR AUG 13 2009

AUG 13 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 23620 , S2 RS 23540 ,S3 RS 23380

R1 RS 23960 , R2 RS 24110 , R3 RS 24230

WAIT FOR CONFIRMATION.

MCX aug Mini Silver Buy at 23440-460 SL below 23330

TGT 23570 Cmp 23484

TECHNICALS FOR AUG 14

MCX SEPT SILVER

SUPP: 23270/23140/23000

RES: 23560/23680/810

[REFER LONGS AT SUPPORTS

MARKET ALERT ON AUG 11 WEDNESDAY 8.30 PM IST

MCX Sept silver now has support at Rs 23100

and Res at Rs 23480 levels,

CMP Rs 23220

could test Res.

TECHNICALS FOR AUGUST 11

MCX SEPT SILVER

SUPP; 22870/22720/22610

RES; 23180/23330/23560

PREFER SELLS AT RESISTANCES

UPDATES

TECHNICALS FOR AUG 10

MCX SEPT SILVER

SUPP : 23280/23160/23000

RES: 23540/23680/23880

WAIT FOR CONFIRMATION

CLOSING COMMENTARY FOR AUG 7 FRIDAY

Silver dollar had a same level like yesterday but with

some bullish trend. Prices highly volatile between

14.50$ - 14.90$. Prices looks bullish if sustains above

14.50$ and could test 15.20$ - 15.50$.

Silver prices in MCX highly volatile for the past three

days between 23200 - 23700 levels. Prices looks bullish

above 23200. Prices can target 23800 - 24000 again if

sustains above 23200. Selling pressure may come below

this level....

Buy advised on dips with sup as sl..
Saran !! is typing a message.

MARKET ALERT ON AUG 7 FRIDAY 12.05 PM IST

MCX Sept silver looks strong at Rs 23319 to 23330

it could test Rs 23500 / 23750

Support is seen below Rs 23190
.

MARKET ALERT ON AUG 7 FRIDAY 10.30 AM IST

MCX Sept silver has strong support at Rs 23250 to

23290 levels

Res is seen at Rs 23400 / 23480 levels

CMP Rs 23290.

UPDATES FOR AUG 7 2009

AUG 7 FRIDAY

S1 RS 23230 , S2 RS 23000 , S3 RS 22800

R1 RS 23490 , R2 RS 23600 , R3 RS 23780

WAIT FOR CONFIRMATION.

mkt alert at 8 pm aug 6

Buy 1 Mcx Nov Mini Silver at 23625 - 23600 SL; below:

23300 TGT: 24100

MARKET ALERT ON AUG 6 THURSDAY 1.00 PM IAT

MCX Sept silver looks strong at CMP Rs 23410

it could test Rs 23650 levels

support is seen at Rs 23300 levels .

Silver prices in MCX looks bullish above if

sustains 23200 levels. Prices seen range bound

today between 23250 - 23400 levels. Prices have

strong res of 23440 - 23460 levels. Supports seen

around 23200 - 23180. Buy above res or buy on dips advised.

CLOSING COMMENTS FOR AUGUST 5

Silver dollar seems firm but stuck with levels

between 14.50$ - 14.80$. Overall prices looks firm

above res levels. Prices seen strong res of 14.80$
\
and a break above could test 15.50$. Buy advised above res...

Buy 1 Mini Silver aug above 23440 SL below 23320 T1 23560 T2 23750

MKT ALERT AT 3.30 PM AUG 5

MCX SEPT SILVER IS BULLISH ABV 23400 WITH SUPPORST

AT BELOW 23250 AND CLD TEST 23525/23600

MARKET ALERT ON AUG 5 WEDNESDAY 1.45 PM IST

MCX Sept silver could test Rs 23600 levels

support is seen at Rs 23285 levels

CMP Rs 23410

could test Res.

UPDATES FOR AUG 5 2009

AUG 5 WEDNESDAY

S1 RS 23120 , S2 RS 22980 , S3 RS 22850

R1 RS 23450 , R3 RS 23600 , R3 RS 23780

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR AUG 4 TUESDAY 10.30 PM IST

Silver dollar went up straight after cutting 14$.

Prices looking firm above 14.70$ and could test

15.10$ - 15.30$.Strong sup seen around 14$.

Prices could test even 16$ on weekly basis.

Silver prices went up sharply after it cuts strong

res of 23000. Prices initially saw a sell off in

MCX due to INR factors and managed to go up in the

eveing session. Prices have imp res around

23380 - 23400. A break above could test

24000 - 24500 on weekly basis.

Wait for confirmation .

TRADERS CAN LONG SILVER AROUND 23050 LEVELS FOR

TGT 23175/23250 LEVELS AND SUPPORT ( STOPS) BELOW 22950.

TECHNICALS FOR NYMEX TRADE FOR AUG 4 2009

AUG 4 TUESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 22480 , S2 RS 22360 , S3 RS 22210

R1 RS 22750 , R2 RS 22890 , R3 RS 23030

WAIT FOR CONFIRMATION.

UPDATES

TECHNICALS FOR AUGUST 4

MCX SEPT SILVER

SUPP 22640/22480/22360

RES: 22900/23080/23210

WAOIT FOR CALLS

CLOSING COMMENTARY FOR AUG 3 MONDAY

Silver prices looks bullish as it crosses its strong

res of 14.10$. Still one more strong res is around

14.40 levels. A close above can take it till

14.80$ - 15$.

Overall looks bullish.

Silver prices stayed upwards after a break of 22730.

Prices seems bullish above this level. Prices having

res of psychological level of 23000 and could test

more highs till 23400 - 23500 in coming days.

Sup seen at 22730 - 22500.

MARKET ALERT ON AUG 3 MONDAY 6.30 PM IST

MCX Sept silver trading above crucial Res Rs 23000 ,

if closes above these levels wld test RS 23200

TO 23500 IN COMING DAYS.

MKT ALERT AT 2 PM AUG 3

MCX SEPT SILVER IS BULLISH ABV 22750 AND CLD TEST 22850/22950

LEVLS SUOPPORT BELOW 22600.