SUNDAY
WEEKLY UPDATE
Silver in Mcx was looking very bearish technically and immediate supports for the
commodity is at 33400 and 33150 levels, any break below the above said levels
then we expect a major correction up to 30500 levels in the days to come with
strong resistance above 34000, for short term players breakdown below 33500
is an opportunity for long term positional players breakdown below 33150 is\
considered as an entry point .
Weekly Call :
Short term Sell Silver only below 33500
and add further on rises up to 33600
with SL above 33850
for targets 33150 and 32950.
Long Term Sell Silver only on close below 33150
and add further on rises up to 33400
with sl above 34000
for targets 32000, 31200,30800 and 30500.
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