SILVER MCX DAILY CHART & LEVELS

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epicresearchindore

Epic Research
Silver MCX has resistance around 45900 and immediate support @42700. One can initiate short position below 42700 for TGT 41400 with SL 43200. As below 42700 Panic selling may again emerge.
 
SILVER MCX DAILY CHART & LEVELS

SUPPORT: Immediate Support @42600
RESISTANCE: Immediate Resistance @44100


Comments:
Silver MCX is facing Resistance on upside @44100 and Strong Support @42600. Is consolidation between a Range and best strategy to Trade on Silver MCX is to Sell on Rise around Resistance Levels and buy on dips around Support levels. If breaks 42600 more panic selling can be expected.
 
SILVER MCX HOURLY CHART & LEVELS

Silver MCX is trading between a tight range of 43235 and 43590. As Market has opened with a gap chances of correction are high. Hence Sell on Rise around @43600 and keep a close watch Initial Jobless Claims of USA.
 
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