SILVER UPDATE INTRADAY AND POSITIONAL

Trend updated for-Jul/12/2013.CMP-41697 Overall trend of the Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position and closed above 3 week high with volume signals up breakout. Positional Support for the Silver is 41098-40259-40099-.Resistance for the Silver is 42594-43255-45676-

Short term and Intraday Level of SILVER

Silver closed above 1 week high with volume signals up breakout Currently Silver is in HOLD LONG position Silver is in sideways so for short term better buy above 42284.5 or hold with stop at 39930.0 The next resistance will be at 41948.0 The oscillator is showing BUY signal
Intraday Trend- Buy above 42284.5 and keep stop below 41111.5 Target is 42788.6 next 43625.3 Below 40609.5 trend reversal can occur and next level is 39776
Intraday Resistance of SILVER are 42162.9 : 42628.8 : 43402.1 : 42003.9 : 42046.5
Intraday Support of SILVER are 41231.1 : 40765.2 : 39991.9 : 41391.3 : 41349

Comments

FII AND INDIAN STOCK MARKET

In fact, Foreign Institutional Investor ( FII) is allowed to enter into INDIA only through stock markets either in the form of equity of debt. Thus it makes an impact on the rise or fall of Sensex or nifty, since FII is allowed to be purchased or sold daily. The daily transaction of FII is the reason behind the volatility in the stock markets and has strong impact on the various macro-economic variables and the economy as a whole. The impact of variation in inward or outward flow of FII can be simply exhibited in NIFTY LIVE behavior pattern. The impact of FII can be best interpreted by explaining the recent behavior of market. The second half of NIFTY FUTURE February series showed a well deserved consolidation after a long BULL-MARKET. However, NIFTY FUTURE March series ended up with SENSEX slipping below psychological mark of 18000. These all epitomizes the immense impact of FII flow in the Indian Stock Market. Intraday traders ...

Buy Sell Signal Software

FM ADVOCATES FOR RATING UPGRADE FOR ECONOMY—STOCK MARKET There is strong case for rating upgrade of Indian economy by global rating agency on the back of increasing investments, declining import of gold and government’s commitment to fiscal prudence. The expert in stock market and those who trade in nifty consider it a strong move which will boost up confidence of retail investors in the stock market . The issue of rating upgrade was raised by FM officials at a meeting with the rating agencies. The ministry expressed confidence that current account deficit (CAD) will surely come down as oil prices are stable and the rupee has been range bound. Moreover, the cabinet committee on investment has also approved projects worth Rs 70000 crore in three months time. In general the infrastructure and in particular the cement industry and steel industry will have positive impact. The government has set up...

SECRETS OF SUCCESSFUL TRADING

50 Golden Rules of Stock Market Trading I’m sure most everybody knows these truisms in their hearts, but this list is nicely edited and makes a good read. 1. Plan your trades. Trade your plan. 2. Keep records of your trading results. 3. Keep a positive attitude, no matter how much you lose. 4. Don’t take the market home. 5. Continually set higher trading goals. 6. Successful traders buy into bad news and sell into good news. 7. Successful traders are not afraid to buy high and sell low. 8. Successful traders have a well-scheduled planned time for studying the markets. 9. Successful traders isolate themselves from the opinions of others. 10. Continually strive for patience, perseverance, determination, and rational action. 11. Limit your losses – use stops! 12. Never cancel a stop loss order after you have placed it! 13. Place the stop at the time you make your trade. 14. Never get into the market because you are anxious because of waiting. 15. Avoid g...

Search This Blog