Thursday 10 May 2012

MCX Silver trading Tips and Live Update

Precious commodity Silver has opened Weak note today. It is showing sharp decline today ,currently it is trading down more than one percent with july contract, while September contrct also touhed near to one percent. 
MCX Silver has started negatve with Rs 55,000 in previous session, although tomorrow it was closed flat at Rs 55,167 with the business. Now it is trading down 1.03 percent at Rs 54,589 at around 3.30 Pm.
  
Advices for trader :- Sell Silver below 54,500 with current rate. 
Targets- 54465, 54427. 
Stop Loss- 54,567.  
Support and Ressitence  
Support- 54524-53889 
Ressitence- 55542-55925. 


 

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