Showing posts with label SILVER. Show all posts
Showing posts with label SILVER. Show all posts

Sunday, 18 December 2011

MCX Bullions

For the next week we expect Silver prices to find resistance at 54460-54560 levels and strong resistance are
seen at 56600-56700 levels. Daily closing above 56700 levels would indicate that a short term bottom has
been posted and thereby recovery can be expected initially towards 57800 levels and then finally towards
59920 levels.
Support is now observed at 52740-52640 levels. Trading below 52600 levels would continue the previous
weeks fall initially towards 51530, and then finally towards then Major support at 49380.
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MCX OPERATOR