CLOSING COMMENTARY FOR SEPT 30 WEDNESDAY

Silver dollar prices went up from strong sup of

around 16.10$. Prices looks positive above the res of

16.60$. Prices could test 17.10$ - 17.50$ if sustains

above the res levels. Only a close below 16.10$ could

be negative.

Silver prices in MCX went up from the strong sup of

around 26000. Prices have strong res of around 26350

- 26500. If breaks and sustains this level could test

26800 - 27000 again. Overall looks could be positive.

Only a close below 25800 could be negative.

MARKET ALERT ON SEPT 30 WEDNESDAY 10.00 PM IST

MCX Dec Silver now ha support at Rs 26200

Res can be seen at Rs 26450 levels

CMP rS 26350

Could test Res .

TECHNICALS FOR NYMEX TRADE FOR SEPT 30 2009

SEPT 30 WEDNESDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 26160 , S2 RS 26000 , S3 RS 25850

R1 RS 26390 , R2 RS 26520 , R3 RS 26680

WAIT FOR CONFIRMATION .

MARKET ALERT ON SEPT 30 WEDNESDAY 12.30 PM IST

MCX Dec Silver now has support at Rs 26080

Res can be seen at Rs 26400 levels

CMP Rs 26212.

could test Res .

UPDATES FOR SEPT 30 2009

SEPT 30 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 25860 , S2 RS 25710 , S3 RS 25480

R1 RS 26230 , R2 RS 26390 , R3 RS 26540

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 29 TUESDAY

Silver dollar prices seems range bound around 15.90$ -

16.30$. Prices rebounded again in dollar. Prices above

16.30$ and close could gain more upside till 16.50$

- 17$. Wait for confiramtion.

Silver prices have rebounded strong sup of around 25880 -

25850. Prices seems very strong around these levels.

Only a break below and close could be negative. A break

above 26300 could take prices till 26600 - 26800 levels.

UPDATES FOR SEPT 29 2009

SEPT 29 TUESDAY

TRADING LEVELS FIOR MORNING SESSION ,

S1 RS 26000 , S2 RS 25880 , S3 RS 25710

R1 RS 26230 , R2 RS 26390 , R3 RS 26540

WAIT FOR CONFIRMATION .

TECHNICALS FOR NYMEX TRAFDE FOR SEPT 28 2009

SEPT 28 MONDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 25710 , S2 RS 25560 , S3 RS 25380

R1 RS 26080 , R2 RS 26230 , R3 RS 26410

WAIT FOR CONFIRMATION .

TECHNICALS FOR NYMEX TRADE FOR SEPT 25 2009

SEPT 25 FRIDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 25880 , S2 RS 25710 , S3 RS 25560

R1 RS 26260 , R2 RS 26480 , R3 RS 26680

WAIT FOR CONFIRMATION .

UPDATES FOR SEPT 25 2009

SEPT 25 FRIDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 26080 , S2 RS 25890 , S3 RS 25660

R1 RS 26460 , R2 RS 26640 , R3 RS 26780

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 24 THURSDAY

Silver dollar came down shrply as we expected as its

in over bought zone. Prices have strong sup of around

16.25$ - 16$. These prices should be watch for any

rebound. Prices below 16$ could be weak .

Silver prices dropped heavily from 27000 to nearly 1000

rs to 26000 levels. Prices have very strong sup of around

25800 levels. A break below this could be weak. These

prices shoudl be watched for any rebound in silver

prices. Strong res seen around 26500- 26700 levels

TECHNICALS FOR NYMEX TRADE FOR SEPT 24 2009

SEPT 24 THURSDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 26710 , S2 RS 26460 , S3 RS 26280

R1 RS 27000 , R2 RS 27180 , R3 RS 27360

WAIT FOR CONFIRMATION .

MARKET ALERT ON SEPT 24 THURSDAY 2.00 PM IST

MCX Dec Silver now has support at Rs 26850 levels

Res can be seen at Rs 27180 levels

CMP Rs 26807

could test Res .

UPDATES FOR SEPT 24 2009

SEPT 24 THURSDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 26880 , S2 RS 26710 , S3 RS 26580

R1 S 27310 , R2 RS 27430 , R3 RS 27589

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 23 WEDNESDAY

Silver dollar having high volatality between 16.60$ -

17.10$. Prices hovering around the high prices.

Prices have strong res of around 17.30$ and sup are

seen around 16.80$ - 16.60$. Overall range bound and

wait for confirmation.

Silver prices in MCX range bound between 27000 - 27500

levels. Prices have very strong sup of 27000 could test

26750 - 26500 levels. Strong res seen around 27350 levles.

Prices of 27000 need to be watched as strong sup seen there...

TECHNICALS FOR NYMEX TRADE FOR SEPT 23 2009

SET 23 WEDNESDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 27080 , S2 RS 26880 , S3 RS 26710

R1 RS 27430 , R2 RS 27580 , R3 RS 27710

WAIT FOR CONFIRMATION .

MARKET ALERT ON SEPT 23 WEDNESDAY 1.20 PM IST

Traders holding longs in silver as per our call

given at Rs 27290 levels

can book part profits at cmp Rs 27390.

MARKET ALERT ON SEPT 23 WEDNESDAY 12.40 PM IST

MCX Dec Silver now has support at Rs 27180

Res can be seen at Rs 27450 levels

CMP Rs 27290

could test Res .

UPDATES FOR SEPT 23 2009

SET 23 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION.

S1 RS 27080 , S2 RS 26900 , S3 RS 26710

R1 RS 27460 , R2 RS 27660 , R3 RS 27900

WAIT FOR CONFIRMATION .

Buy Mcx Nov Mini Silver at 27370 - 27340 SL: Below: 26900

TGT: 27900 Cmp: 27370.

CLOSING COMMENTARY FOR SEPT 18 FRIDAY

Silver dollar seems could correct a bit. Prices have very

strong sup of 17$ and a break and close below could test

prices of 16.50$. A break and close above 17.50$ only

could be positive again.

Overall hope correction could come.

Silver prices in MCX seems weak below 27500 levles. As

we expected selling came at strong res of 28000. Prices

still to correct for 27000 - 26500 levels. Sell on rise

advised with stops above 27650 levels. Hope prices can

correct to lower levels.

MARKET ALERT ON SEPT 18 FRIDAY 1.20 PM IST

MCX Nov Mini silver Target achieved at Rs 27280 ,

Sell was given at Rs 27480 .

Book full profits .

MARKET ALERT ON SEPT 18 FRIDAY 12.35 PM IST

MCX Nov Mini silver low risk traders book part profits

at CMP Rs 27350 ,

Sell given at Rs 27480 to 27500 .

MARKET ALERT ON SEPT 18 FRIDAY 11.40 AM IST

Mcx Nov Silver Mini looks weak At 27480 to 27500

Res Above 27640

TGT 27280 .

UPDATES FOR EPT 18 2009

SEPT 18 FRIDAY

TRADING LEVELS FOR MORNING SESSION .

S 1 RS 27330 , S2 RS 27160 , S3 RS 27030

R1 RS 27630 , R2 RS 27810 , R3 RS 27980

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 17 THURSDAY

Silver dollar went up initially but unable to sustain

above 17.50$. Prices still in positive zone above 17$.

A negative close and break down tomo could have

prices correcting till 16.5$ mark.

Silver prices in MCX had a range bound between 27500 -

28000. A break below 27500 - 27300 could be in

correction mode till 26500 levels. Prices have strong

res of 28000. Sup seen around 27300 - 27000.

Caution advised on longs.

INTRADAY TRADERS EXIT LONGS IN MINI SILVER UPTO 27650.

ADD LONGS IN MINI SILVER AT 27780 TO 27790 SL BELOW

27500 TGT 28110.

MCX NOV MINI SILVER NEXT TGT 28110

MCX NOV MINI SILVER : HIGH RISK TRADERS HOLDING

LONGS AS PER OUR BUY AT 26770 APPROACHING T3 27880,

CMP 27835.BOOK FURTHER PROFITS.

mcx nov mini silver update: bullish abv 27700

and cld test 27965 with support seen at 27500.

TECHNICALS FOR SEPT 17

MCX DEC SILVER

SUPP: 27480/27300/27180

RES: 27810/28000/28180

CLOSING COMMENTARY FOR SEPT 16 WEDNESDAY

Silver prices seems bullish and went up straight

upto 17.50$ above the 17$ mark. Prices seems

bullish above 17.50$ and could test more highs

till 18$. But as prices are in over bought zone

need to be cautious always on buying side.

Strong sup seen around 17$ and Res seen around 17.50$.

Silver prices in MCX looks bullish. Prices went up

sharply upto 27800 levels. Prices looks bullish above

27300 and could target 28000 - 28200 levels. Cautious

advised on buying with sl needed. strong sup seen

around 27300-27000 levels.

Mcx Nov Mini Silver TGT Extended upto: 27880 (Earlier TGT: 27660)

Longs Advised at 26770 Cmp: 27630.

MARKET ALERT ON SEPT 16 WENESDAY 11.30 AM IST

Traders holding long as per our buy call given in the morning

at Rs 24485 levels can book part profit at CMP RS 27600

others cn hold for tgts given.

MARKET ALERT ON SEPT 16 WEDENESDAY 10.40 AM ISYT

MCX Dec Silver now has support at Rs 27380 and

Res can be seen at Rs 22700 levels

CMP Rs 27486 .

could test Res .

UPDATES FOR SEPT 16 2009

SEPT 16 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 27080 , S2 RS 26930 , S3 RS 26780

R1 RS 27410 , R2 RS 27660 , R3 RS 27890

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 15 TUESDAY

Silver dollar again went up creating highly range

bound between 16.50$ - 17 $. Prices have strong res

of 17$ and a break and close could be more positive.

But as some indicators seems negative or correction

mixed trend seems at higer levels. Trade cautious .

Silver prices trading range bound between 26500 - 27000

levels. No strong confirmation yet. A close above 27200

levels could be more positive till 27500 - 28000 as per

technical levels. Overall range bound seen and mixed

indicators seen in silver. Wait for confirmation.

MARKET ALERT ON SEPT 15 TUESDAY 8.45 PM IST

MCX Nov Mini Silver T 1 Achieved at Rs27160 ,

cmp Rs 27200 ,

Buy was at Rs 26770 .

UPDATES FOR SEPT 15 2009

SEPT 15 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 26580 , S2 RS 26400 , S3 RS 26230

R1 RS 26910 , R2 RS 27160 , R3 RS 27360

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 14 MONDAY

Silver dollar dropped today may be a profit booking.

Prices seems unable to hold above 16.60$. Prices

seems could test and close below 16.30$. Prices

still in overbought zone and bit correction is

expected.

Silver prices in MCX also dropped with open low. Prices

came till strong sup of around 26400 levels. Prices below

26400 could correct till 26000 and a close could take

prices till 25500. If buying then can buy above 26800

with sl.

Buy Mcx Nov Mini Silver abv: 26770 SL: below: 26400

TGT: 27160/27330

UPDATES FOR SEPT 14 2009

SEPT 14 MONDAY

TRADING LEVELS FOR MORNING SESSION :

S1 RS 26720 , S2 RS 26580 , S3 RS 26330

R1 RS 27160 , R2 RS 27330 , R3 RS 27580

WAIT FOR CONFIRMATION .

MARKET ALERT ON SEPT 11 FRIDAY 7.00 PM IST

MCX Dec Silver now has support at Rs 27000

and Res is seen at Rs 27300 levels

CMP Rs 27120

could test Res

Our buy call is running from Rs 26630 levels

MCX DEC SILVER : BULLISH ABV 27000 FOR TGT 27330

SUPPORTS BELOW 26800( OUR MINI SILVER BUY AT 26650

LAST NIGHT CALL ON TGT 27450)

MCX NOV MINI SILVER : TRADERS HOLDING LONGS FROM OUR BUY

LAST NIGHT, AT 26600
BOOK PART PROFITS AT CMP 27100.

TECHNICALS FOR SEPT 11

MCX NOV SILVER

SUPP; 26470/25260/26040

RES: 26860/27000/27330

Buy Mcx Nov Mini Silver 26630-26580 SL: below: 26000 TGT: 27450

Buy Mcx Nov Mini Silver 26630-26580 SL: below: 26000 TGT: 27450

UPDATES FOR SEPT 10 2009

SEPT 10 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 26340 , S2 RS 26280 , S3 RS 26070

R1 RS 26440 , R2 RS 26500 , R3 RS 26710

WAIT FOR CONFIRMATION .

EXIT LONGS IN MINISILVER UPTO 26560( BUY AT 26700).

MKT ALERT AT 7.45 PM SEPT 9

Buy Mcx Nov Mini Silver abv: 26700 SL; below:

26200 TGT: 27470 Cmp: 26655.

UPDATES FOR SEPT 9 2009

SEPT 9 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 26400 , S2 RS 26340 , S3 RS 26070

R1 RS 26530 , R2 RS 26600 , R3 RS 26860

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 8 TUESDAY

Silver seems more bullish than gold prices. Prices

tested nearly 17$ mark. Prices looks bullish above

16.40$ which seems strong level. Strong sup seen

around 16$ A close below this selling could come...

Overall looks bullish.

Silver prices looks firm and touched the psychological

level of 27000. Strong sup seen around 26300 - 26350.

If prices holding above this could be again bullish till

27000 levels. Need to watch it holds above 26300.

TEVCHNICALS FOR NYMEX TRADE FOR SEPT 8 2009

SEPT 8 TUESDAY

S1 RS 26720 , S2 RS 26530 , S3 RS 26300

R1 RS 27030 , R2 RS 27260 , R3 RS 27410

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 7 MONDAY

Silver dollar prices trading above its strong res level

of 16$. If sustains above 16$ could be more positive

till 17$ - 17.50$. Prices looks firm above the

16$ mark.

Silver prices in MCX trading all its res level of 26000

levels. Prices looks firm above this level. Prices

have very strong res of around 26300 levels a close

above this could be more bullish till 27000. Buy

above res or at dips advised.

MKT ALERT AT 4 .20 PM SEPT 7

BOOK FINAL PROFITS IN MCX NOV MINI SILVERAT 26220 TO 26250 LEVELS

UPDATES FOR SEPT 7 2009

SEPT 7 MONDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 26071 , S2 RS 25999 , S3 RS 25710

R1 RS 26215 , R2 RS 26287 , R3 RS 26576

WAIT FOR CONFIRMATION .

MKT ALERYT AT 10.10 PM SEPT 4

MCX NOV MINI SILVER : T1 ACH AT 26310 ( BUY AT 25900)

/BOOK PART PROFITS / HOLD FOR T2.

Buy Mcx Nov Mini Silver at 25930-25900 SL: below:25600 TGT:26310/26580

MARKET ALERT ON SEPT 4 FRIDAY 2.10 PM IST

MCX Dec Silver now has support at Rs 25400 levels

Res can be seen at Rs 25800 levels

cmp Rs 25660

could test suppport .

BULLION UPDATE: NEXT GOLD CLD TGT $1006/ 1013/1031

WITH CORRECTIONS MCX 16000/16100/16200/ SILVER $16.50

MCX 26300 TO 26650/ DID WE NOT GIVE SCREAMING BUYS IN

MINI GOLD/SILVER PAST 1WEEK/ CAPITAL REQD FOR EACH 7500;

;SEE THE RETURN ON INVESTMENT SO FAR!!

MCX NOV MINI SILVER T4 ACH AT 25700( BUY GIVEN AT 25200)

BOOK FULL PROFITS

MCX NOV MINI SILVER : T3 ACH AT 25600( BUY AT 25200).

MKT ALERT AT 4.40 PM SEPT 3

MCX NOV MINI SILVER : T2 ACH AT 25500/ HOLD FOR

T3 25600/HIGH RISK TRADERS HOLD FOR T4 25700

( BUY GIVEN AT 25200)

MKT ALERT AT 3.45 PM SEPT3

MCX NOV MINI SILVER : APPROACHING T2 AT 25500

CMP 25490 ( BUY GIVEN AT 25200) / BOOK FURTHER

PROFITS/HOLD FOR T3.

MARKET ALERT ON SEPT 3 FRIDAY 2.30 PM IST

MCX Mini Silver Nov T1 Achieved at Rs 25350 ,

Approaching T 2 Rs 25500 . (Current high Rs 25449 )

book part profits .

Buy given at Rs 25200 .

CORRECTION: MINI SILVER STOP;LOSS 25050 TGT 25350/25500/25600.

TRADERS CAN ADD LONG IN MINI SILVER NOV AT 25200

SL BELOW 22050 TGT 25350/23500/23600.

UPDATES FOR SEPT 3 2009

SEPT 3 THURSDAY

S1 RS 24790 , S2 RS 24630 , S3 RS 24440

R1 RS 25115 , R2 RS 25360 , R3 RS 25560

WAIT FOR CONFIRMATION .

MARKET ALERT ON SEPT 2 WEDNESDAY 10.15 PM IS

As forecasted earlier MCX Nov silver achieved Target of

Rs 24850

CMP Rs 24900.

Traders holding longs as per our call at Rs 24650

levels can book full profits .

MARKET ALERT ON SEPT 2 WEDNESDAY 10.00 PM IST

Traders holding lons in silver cld book part profits

at CMP Rs 24740

others trail cost and hold for tgts given

Buy was at Rs 24650 LEVELS.

MARKET ALERT ON SEPT 2 WEDNESDAY

MCX Dec silver now has support at Rs 24600

and Res at Rs 24850

CMP Rs 24650

could test Res .

MCX NOV MINI SILVER : APPROACHING OUR T1 AT 24560

( BUY GIVEN YESTERDAY AT 24230) CMP 24535/BOOK PART PROFITS/HOLD FOR T2.

MKT ALERT AT 12 NOON SEPT2

TRADERS HOLDING LONGS IN MCX NOV MINI SILVER AS

PER OUR BUY LAST NIGHT AT 24200 TO 24230, BOOK PART

PROFITS AT CMP 24417/OTHERS HOLD FOR TGTS.

technicals for sept 2

mcx dec silver

supp: 24350/24180/24050

res: 24710/24880/25160

p[refer longs at supports

MARKET ALERT ON SEPT 1 10.30 PM IST

Mcx Nov Mini Silver looks strong at 24230-24200

support below: 23900

Res: 24560/24780

Could test Res .

CLOSING COMMENTARY FOR SEPT 1 TUESDAY

Silver dollar dropped after testing its strong res of

15$. Prices range bound with positive bias. A break

and close above 15$ could be more positive till

15.50$. Sup seen around 14.50$ - 14.40$ .

Silver prices in MCX came down testing strong res of

24400. This prices seems very strong res and a break

above this could be more positve till 25000. Strong

sup seen around 24000 - 24100 levels.

TECHNICALS FOR SEPT 1

MCX DEC SILVER

SUPP; 24110/23960/23780

RES 24380/24510/24660

PREFER LONGS AT SUPPORTS