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Friday, March 3, 2017

SILVER UPDATES FOR MARCH 3 2017

FRIDAY



TRADING LEVELS FOR MORNING SESSION




MCX SILVER



SUPPORT 1 42247



SUPPORT 2 41951



SUPPORT 3 41665



RESISTANCE 1 42901



RESISTANCE 2 43179



RESISTANCE 3 43431




WAIT FOR CONFIRMATION




Silver corrected sharply on the wake of a stronger dollar .




Silver broke support of $ 18



Low came $ 17.707



Currently trading at $ 17.782




Strong support seen at $ 17.6




Resistance seen at $ 18




In the MCX currently trading at Rs 42620



Immediate support seen at Rs 42400





Resistance seen at Rs 42900





Overall trend remains weak .



Sell on rise would be strategy for now .



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