CLOSING COMMENTARY FOR JULY 31 FRIDAY

Silver prices rebounded after a consolidation for a

long time at lows. Prices having strong res around

22400 levels and could target 22800 again .

Wait for confirmation.

CLOSING COMMENTARY FOR JULY 29 THURSDAY

Silver dollar sligtly went up from its strong sup of

13.20 levels. A cross over 13.75$ could be positive

to reach again its high levls of 14$. Buy above res

or on dips advised. RSI is around 50 neutral nither

over bought nor over sold.

Silver prices went up from its strong sup of 21800 levels.

Prices neet do cut 22300 and close above could be more

bullish till 22800 again. Res seen around 22300 - 22400

which is strong ans sup seen around 21725 levels.

TECHNICALS FOR NYMEX TRADE FOR JULY 29 2009

JULY 29 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 22720 , S2 RS 22610 , S3 RS 21470

R1 RS 22050 , R2 RS 22230 , R3 RS 22360

WAIT FOR CONFIRMATION.

TECHNICALS FOR JULY 30

MCX SEPT SILVER

SUPP; 22760/22610/22470

RES: 22050/22230/22350

PREFER SELLS AT RES

CLOSING COMMENTARY FOR JULY 29 WEDNESDAY

Silver prices fell for the seconf day from its strong res

of 14$. Prices moved away from its medium term bullish

trend and correction taking place. Strong sup seen

around 13.20$. Prices could test upto 12.60$.

Buying can come at these levels.

Silver prices came down heavily from its strong res

of 22800 and corrected till 21800 levels. Silver has

strong sup around 21800 levels and a break and close

below these levels could take it more downside till

21500 - 21300.

Buying can be seen around these prices.

MARKET ALERT ON JULY 29 WEDNESDAY 7.20 PM IST

MCX Sept silver CMP Rs 22120 has supports at

Rs 22050 / 22000 and Res at Rs 22240.

TECHNICALS FOR NYMEX TRADE FOR JULY 29 2009

JULY 29 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 22130 , S2 RS 22010 , S3 RS 21860

R1 RS 22340 , S3 RS RS 22460 , R3 RS 22560

WAIT FOR CONFIRMATION.

UPDATES FOR JULY 29 2009

JULY 29 WEDNESDAY

S1 RS 22260 , S2 RS 22130 , S3 RS 22010

R1 RS 22520 , R2 RS 22660 , R3 RS 22840

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR JULY 28 10.00 PM IST


Silver dollar also corrected straight away from its

strong res of 14.10$ eroding a weeks gain. Silver

strong sup seen at 13.50$ and Res seen around 13.70$.

May be a correction till 13.35$ expected.

Silver came down but not upto the mark with Gold.

Silver prices corrected nearly 2 % in MCX after

it unable to break and sustain above its strng res of

22800. Prices can still correct till

22000 levels. Wait for confirmation.

MKT ALERT AT 7.40 PM JULY 28

BUY MCX SEPT SILVER ( MINI) AT 22480 TO 22500

SL BELOW 22350 TGT 22840.

MARKET ALERT ON JULY 29 TUESDAY 7.00 PM IST

MCX Sept silver weak below Rs 22620 and could test

Rs 22520 / 22400. Res is seen above Rs 22750.

UPDATES

TECHNICALS FOR JULY 28

MCX SEPT SILVER

SUPP; 22660/22540/22390

RES: 22840/22960/23120

PREFER LONGS AT SUPPORTS

CLOSING COMMENTARY FOR JULY 27 MONDAY

Silver dollar managed to test its strong res of 14$ mark.

Medium term looks bullish and strong res seen around 14.10$.

A break above this could test 14.50$ levels. Overall

trend is positive.

Buy on dips advised.

Silver prices range bound today between 22600 -22800.

Strong res is at 22850 - 22900 levels. A break above is

more bullish. Sup seen at 22600 lvels.

Wait for confirmation.

TECHNICALS FOR EVENING NYMEX TRADE FOR JULY 27 2009

JULY 27 MONDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 22660 , S2 RS 22540 , S3 RS 22390

R1 RS 22840 , R2 RS 22960 , R3 RS 23120

WAIT FOR CONFIRMATION

CLOSING COMMENTARY FOR JULY 24 FRIDAY

Silver dollar range bound between $ 13.60 to $ 13.90 .

Overall looks bullish above $ 14.

Above this could test $ 14.50.

Medium term looks bullish .

No big movement seen.

Silver prices trading thin at the MCX as no much

movement is seen .

Trading range between Rs 22400 to 22500 today .

Looks more bullish till RS 22800 to 23000.

Wait for confirmation.

UPDATES

TECHNICALS FOR JULY 24

MCX SEPT SILVER

SUPP: 22350/22230/22130

RES: 22580/22710/22840

PREFER LONGS AT SUPPORTS

TECHNICALS FOR NYMEX TRADE FOR JULY 23 2009

JULY 23 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 22380 , S2 RS 22290 , S3 RS 22160

R1 RS 22630 , R2 RS 22780 , R3 RS 22890

WAIT FOR CONFIRMATION.

Buy Mini Silver aug between 22470 - 22480 SL below

22350 T1 22650 T2 22750

mkt alert at 12.30 pm july 23

mcx sept silver looks bullish abv 22475 and cld

test 22600 levels support below 22350

MARKET ALERT ON JULY 23 THURSDAY 12.30 PM IST

MCX Sept silver now has support at Rs 22350 levels

Res is seen at Rs 22650 levels

CMP Rs 22480

could test Res.

UPDATES FOR JULY 23 2009

JULY 23 THURSDAY

S1 RS 22290 , S2 RS 22180 , S3 RS 22080

R1 RS 22470 , R2 RS 22580 , R3 RS 22710

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR JULY22

Silver dollar has strong res around 13.80$ - 13.86$.

Buy advised above these levels. Medium term looks

bullish on weekly basis. A close above 13.70$ could

take it till 14.20$.

Silver prices rebounded from its strong support of 22080.

Silver prices could test 22500 in short term. A close above

22500 is more bullish on weekly basis. Strong sup

\ seen at 22120 - 22080 - 22000.

TECHNICALS FOR NYMEX TRADE FOR JULY 22 2009

JULY 22 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 22030 , S2 RS 21870 , S3 RS 21740

R1 RS 22270 , R2 RS 22360 , R3 RS 22470

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 22 WEDNESDAY

MCX Sept Silver looks bullish above Rs 22270

it cld test Rs 22400 / 22600

support is seeb below Rs 22100.

UPDATES FOR JULY 22 2009

JULY 22 WEDNESDAY

S1 RS 22030 , S2 RS 21870 , S3 RS 21740

R1 RS 22270 , R2 RS 22360 , R3 RS 22470

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR JULY 21 TUESDAY

Silver dollar looks quite strong. Today had a

range between 13.50$ to 13.70$. Strong sup seen at

13.30$ and a sustain above this is more positve till

14$ to 14.50$ in medium term. Medium Term looks bullish.

Selling can be seen only below 13.30$ on closing.

Be on buy side short term.

Silver prices medium term is positive. A close above 22400

is more bullish till 22600 - 22800. Strng sup seen at

22000 - 22100. Can have 22100 sl and be on buy side.

TECHNICALS FOR JULY 21

MCX SEPT SILVER

SUPP; 22210/22060/21960

RES: 22380/22470/22560

PREFER LONGS AT SUPPORTS

Silver prices moved away from medium term trend of 21700 - 21800.

As it break its strong sup of 22100 short term looks bullish.

Strong res seen at 22500. Prices could test res levels.

MARKET ALERT ON JULY 20 MONDAY 11.00 AM IST

MCX Sept silver is bullish above Rs 22280

it could test Rs 22380/ 22450 levels

support is seen at Rs 22170.

mkt alert at 11 am july 20

mcx sept silver is bullish above 22280 and

cld test 22380/22450 levels , support seen at 22170(.

UPDATES FOR JULY 20 2009

JULY 20 MONDAY

S1 RS 21910 , S2 RS 21820 , S3 RS21710

R1 RS 22210 , R2 RS22360 , R3 RS 22480

WAIT FOR CONFIRMATION.

TECHNICALS FOR EVENING NYMEX TRADE FOR JULY 17 2009

JULY 17 FRIDAY

TRADING LEVELS FOR NYMEX TRADE FOR JULY 17 FRIDAY

S1 RS 21710 , S2 RS 21580 , S3 RS 21430

R1 RS 21960 , R2 RS 22080 , R3 RS 22180

WAIT FOR CONFIRMATION.

MARKET ALER ON JULY17 FRIDAY 12.05 PM IST

MCX Sept silver now has support below Rs

21850.Res is seen at Rs 21970.

CMP Rs 21890.

UPDATES FOR JULY 17 2009

JULY 17 FRIDAY

S1 RS 21710 , S2 RS 21580 , S3 RS 21530

R1 RS 21960 , R2 RS 22080 , R3 RS 22180

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR JULY 16 THURSDAY 10.30 PM IST

Gold prices had a highly mixed trend today betwn

14700 - 14800. Strong res seen around 14800, a

close above seems more bullish. Trend is quite

positve for short term if sustains above 14680.

: Silver prices also had a tight range betwn 21750 -

22000. Strong Res is at 22000 and could not able

to break. Overall trend looks bearish and sell at

res levels advised. Medium Term Trend looks bearish.

Silver prices could test 20500 - 20000 in coming days.

MARKET ALERT ON JULY 16 THURSDAY 7.40 PM IST

MCX Aug Silver could test Rs 21650 / 21500

Res is seen above Rs 21910.

Sell is advised in the range of Rs 21800 levels.

TECHNICALS FOR NYMEX TRADE FOR JULY 16 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 21730 , S2 RS 21580 , S3 RS 21430

R1 RS 21960 , R2 RS 22080 , R3 RS 22180

WAIT FOR CONFIRMATION.

UPDATES FOR JULY 16 2009

JULY 16 THURSDAY

S1 RS 21730 , S2 RS 21610 , S3 RS 21480

R1 RS 21960 , R2 RS 22060 , R3 RS 22180

WAIT FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADE FOR JULY 15 2009

JULY 15 WEDNESDAY

TRDING LEVELS FOR NYMEX TRADE

S1 RS 21730 , S2 RS 21610 , S3 RS 21480

R1 RS 21960 , R2 RS 22060 R3 22180

WAIT FOR CALLS

MKT ALERT AT 5.45 PM JULY 14

MCX AUG MINI SILVER: LOW RISK TRADERS BOOK PROFITS

UPTO 21610, ( BUY GIVEN AT 21500), HIGH RISK TRADERS

TRAIL STOPLOSS.CURRENT HIGH 21623

mkt alert at 12 noon july 14

Buy Silver Sept above 21500 SL

below 21340 T1 21700 T2 21800

UPDATES FOR JULY 14 2009

JULY 14 TUESDAY

S1 RS 21280 , S2 RS 21130 , S3 RS 21000

R1 RS 21460 , R2 RS 21585 , R3 RS 21640

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 13 MONDAY 9.40 PM IST

MCX Sept silver now has support at Rs 21260 levels

Res is seen at Rs 21500 .

CMP Rs 21350.

updates

TECHNICALS FOR JULY 13 NYMEX TRADING

MCX SEPT SILVER

SUPP; 21030/2086/20710

RES; 21270/21380/21510

PREFERSELLS AT RESISTANCES

UPDATES

TECHNICALS FOR JULY 13

MCX SEPT SILVER

SUPP: 21170/21030/20860

RES; 21380/21510/21630

PREFER SELLS AT RES

MARKET ALERT ON JULY 10 FRIDAY 9.00 PM IST

MCX SEPT SILVER LOOKS WEAK AT CMP RS 21170

IT COULD TEST RS 20980

RES IS SEEN ABOVE RS 21285 .

MARKET ALERT AT 6.30 PM JULY 10

MCX SEPT SILVER TRADING NEAR MAJOR SUPPORT$12.50,

CURRENT LOW $ 12.53.

UPDATES

TECHNICALS FOR JULY 10 NYMEX TRADING

MCX SEPT SILVER

SUPP; 21180/21030/20860

RES; 21380/21510/21630

PREFER SELLS AT RES

SILVER CMP $12.66, INR NOT ABLE TO GO BEYOND RS.

49/$, HAS VERY STRONG SUPPORT AT $12.50, BELOW

THIS WILL PUSH DOWN FURTHER.

MARKET ALERT ON JULY 10 FRIDAY 2.00 PM IST

MCX Sept silver now has support at Rs 21120 levels

Res is seen at Rs 21370 levels

CMP Rs 21260

Cld test support.

UPDATES

TECHNICALS FORJULY 10

MCX SEPT SILVER

SUPP: 21350/21180/21030

RES: 21580/21710/21880

WAITFOR CALLS

MKT UPDATE AT 7.15 PM JULY 9

MCX AUG MINI SILVER : T2 ACH AT 21350 ( SELL GIVEN

YESTERDAY AT 21680) BOOK FULL PROFITS.

MARKET ALERT AT 5.55 PM JULY 9

MCX AUG MINI SILVER : T1 ACH AT 21450 IN OUR SELL

GIVEN YESTERDAY AT 21680.,

UPDATES

TECHNICALS FOR JULY 9 NYMEX TRADING

MCX SEPT SILVER

SUPP; 21480/21330/21180

RES: 21620/21710/21840

PREFER SELLS AT RES

MARKET ALERT AT 4.30 PM JULY 9

MCX SEPT SILVER WEAK BELOW 21520 AND CLD TEST 21260

LEVELS, RES ABOVE 21665.( FOR LEVELS) OUR SELL MINI

AUGUST SILVER YESTERDAY GOING ON FOR TGTS 21450/21350.

UPDATES

TECHNICALS FOR SEPT SILVER

JULY 9

SUPP:21480/21330/21180

RES:21710/21840/21960

PREFER SELLS AT RES

MARKET ALERT ON JULY 8 WEDNESDAY 10.00 PM IST

Silver dollar looks weak. As we continuosly saying it

weak weak be on sell side on rise. strng sup is at 12.75$.

Silver could test 12$ soon.. Medium Term trend is weak.

MARKET ALERT ON JULY 8 WEDNESDAY 8.45 PM IST

Low risk traders can book part profit in our sell

silver at cmp Rs 21530 , others hold for tgts given.


Sell given below Rs 21680.

SILVER CMP $ 12.95, HAS STRONG SUPPORT AT $12.50,

BELOW THIS CLD TEST UPTO $10.95.

MARKET ALERT AT 5.40 PM JULY 8

MCX AUGUST MINI SILVER WEAK BELOW 21680, WITH

RES ABOVE 21820, AND CLD TEST 21450/21350.

july 8 ,12 noon

Sell Silver Mini Aug below 21650 SL above 21810 T1 21450 T2 21300

UPDATES FOR JULY 8 2009

JULY 8 WEDNESDAY

S1 RS 21730 , S2 RS 21610 , S3 RS 21480

R1 RS 22880 , R2 RS 22030 , R3 RS 22180

WAIT FOR CONFIRMATION.

UPDATES

TECHNICALS FOR NYMEX TRADING JULY 7

MCX SEPT SILVER

SUPP; 21820 21730 21610

RES;;22030 22180 22310

Wait for Confirmation

MARKET ALERT AT 5.15 PM JULY 7

MCX AUGUST MINI SILVER FACING STRONG RESISTANCSE

AT 22000, LOW RISK TRADERS BOOK PROFITS UPTO 21950 TO

21975, AND REENTER ABOVE 22000

MARKET ALERT ON JULY 7 TUESDAY 10.45 AM IST

MCX Sept Silver looks strong above Rs 21900

it could test Rs 22200 and Rs 22400

support is seen below Rs 21740.

UPDATES FOR JUNE 7 2009

JUNE 7 TUESDAY

S1 RS 21740 , S2 RS21610 , S3 RS 21480

R1 RS 22030 , R2 RS 22180 , R3 RS 22310

WAIT FOR CONFIRMATION.

MARKET ALERT AT 8.05 PM JULY 6

MCX AUGUST MINI SILVER : T1 ACH AT 21860 ( BUY GIVEN ABOVE 21730)

MARKET ALERT AT 8 PM JULY 6

MCX AUGUST MINI SILVER : TRADERS HOLDING LONGS FROM 21730,

APPROACHING T1 AT 21860( CURRENT HIGH 21850),

BOOK FURTHER PROFITS.

market alert at 6.45 pm july 6

Buy Silver Mini aug above 21730 SL below 21600 T1 21860 T2 21990

UPDATES

TECHNICALS FOR JULY 6

MCX SEPT SILVER

SUPP: 21480/21340/21260

RES:21730/21880/22030

WAIT FOR CALLS

TRADING LEVELS FOR EVENING TRADE FOR JULY 3 2009

JULY 3 FRIDAY

TRADING LEVELS FOR EVENING TRADE

S1 RS 21480 , S2 RS 21340 , S3 RS 21260

R1 RS 21730 , R2 RS 21880 , R3 RS 22030

WAIT FOR CONFIRMATION.

UPDATES FOR JULY 3 2009

JULY 3 FRIDAY

S1 RS 21480 , S2 RS 21340 , S3 RS 21260

R1 RS 21730 , R2 RS 22280 , R3 RS 22030

WAIT FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADE FOR JULY 2 2009

JULY 2 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 21480 , S2 RS 21430 , S3 RS 21260

R1 RS 21940 , R2 RS 22080 , R3 RS 22240

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 2 THURSDAY 2.00 PM IST

Silver looks weak below 21800 could test

21500 - 21300 levels also..

Res seen at 22200.

UPDATES FOR JULY 2 2009

JULY 2 THURSDAY

S1 RS 21780 , S2 RS 21615 , S3 RS 21530

R1 RS 22090 , R2 RS 22210 , R3 RS 22340

WAIT FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADE FOR JULY 1 2009

JULY 1 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 21780 , S2 RS 21615 , S3 RS 21530

R1 RS 22090 , R2 RS 22210 , R3 RS 22340

WAIT FOR CONFIRMATION.

UPDATES FOR JULY 1 2009

JULY 1 WEDNESDAY

S1 RS 21780 , S2 RS 21615 , S3 RS 21530

R1 RS 22090 , R2 RS 22210 , R3 RS 22340

WAIT FOR CONFIRMATION .