epicresearchindore
Epic Research
For the next week we expect Silver prices to find support in the range of 62,150-62,100 levels. Trading consistently below 62,100 levels would lead towards the strong support at 61,570 levels and then finally towards the major support at 60,671 levels.
Resistance is now observed in the range of 64,120-64,150 levels. Trading consistently above 64,200 levels would lead towards the strong resistance at 65,300 levels, and then finally towards the major Resistance at 67,200 levels.
MCX / Spot Silver Trading levels for the week (03.12.12 to 07.12.12)
Trend: Sideways
S1-62,150 / $ 32.71 R1-64,150 / $ 33.78
S2-61,570 / $ 32.04 R2-65,300 / $ 34.22
Recommendation: Sell MCX Silver December between 64,100-64,150, SL-65,100, Target -62,250.
OR
Buy MCX Silver December between 61,750-61,700, SL-60,590, Target -64,200
Resistance is now observed in the range of 64,120-64,150 levels. Trading consistently above 64,200 levels would lead towards the strong resistance at 65,300 levels, and then finally towards the major Resistance at 67,200 levels.
MCX / Spot Silver Trading levels for the week (03.12.12 to 07.12.12)
Trend: Sideways
S1-62,150 / $ 32.71 R1-64,150 / $ 33.78
S2-61,570 / $ 32.04 R2-65,300 / $ 34.22
Recommendation: Sell MCX Silver December between 64,100-64,150, SL-65,100, Target -62,250.
OR
Buy MCX Silver December between 61,750-61,700, SL-60,590, Target -64,200