where is silver heading?

[k.raaja]

and reason for specifying to sell in short term is -ve divergence is occured on daily charts.. So i feel some correcting will be happend to move further upside..

 

[ashwani chadha]

Thanks for the reply ,in my view also its support is at 51800/-& first resistanse is at 54100/-& some body gave me a target of above 55000/-for march it self.i am long in silver at present,thats why second view was required thanks

 

[k.raaja]

and more over if silver close below 34.60 lvls we will see some weak ness BEARS WILL ENTER BELOW 34.60 LVLS ON CLOSING BASIS.. AND 36.80 WILL BE CRUCIAL RESISTANCE AFTER PASSING 36 LVLS

 

[ashwani chadha]

THE INFORMATION WHICH I RECEIVED,SAY-- WITH A STOP LOSS OF 51800/- WE CAN HOLD LONG & ABOVE, 53800/-OR IF MARKET TRADES AROUND 53400/-FOR APPROX.8 HOUR ON MONDAY WHICH EVER COMES FIRST WE CAN GO LONG-ONE THING I WOULD LIKE TO ADD MORE IS THE( CONCEPT OF FAIR MARKET VALUE)FAIR MARKET VALUE OF SILVER APRIL ON SATURDAY CLOSING WAS 52577/-& PRICE OF ANY COMMODITY WHOSE PRIME TREND IS LONG ,HESITATE TO GO BELOW ITS FAIR MARKET VALUE,A DIFFERENCE OF 800/-rs PER KG,SO IT REQUIRE 8 HOUR TRADING AT CURRENT MARKET LEVAL,BEFORE CURRENT PRICE & FMV EQUALISE,ONLY THEN FURTHUR RISTK FOR GOING LONG SHOULD BE TAKEN THANKS

 

[ashwani chadha]

If price go below its fmv it means a correction is on the cards which may occur at any time in next few hours thanks

 

[k.raaja]

now silver lvls to watch ::

Closing at 35.62 my recomendation for tomorrow is to buy above 36.00 by keeping sl at 35.50 for tgts 36.35 36.75 37.10 37.50

and sell below 35.50 by keeping sl above 36 lvls for tgts 35.20 34.85 34.55 34.20



and my short term view is to sell on every rise by keeping sl at 38.70 for tgts 33.40 34.80 31.70

and long term view is to pick in dips by keeping sl 30.80 lvls for tgts 37.50 38.25

these are just my views. My views may be wrong... But if we consider fundamentals strictly buy in dips strategy applicable.. By keeping $1 as stoploss from your enty price

SILVER EXACTLY HIT MY BUY SIDE FIRST TGT.. 36.35 :clap:

 

[k.raaja]

now silver lvls to watch ::

Closing at 35.62 my recomendation for tomorrow is to buy above 36.00 by keeping sl at 35.50 for tgts 36.35 36.75 37.10 37.50

and sell below 35.50 by keeping sl above 36 lvls for tgts 35.20 34.85 34.55 34.20



and my short term view is to sell on every rise by keeping sl at 38.70 for tgts 33.40 34.80 31.70

and long term view is to pick in dips by keeping sl 30.80 lvls for tgts 37.50 38.25

these are just my views. My views may be wrong... But if we consider fundamentals strictly buy in dips strategy applicable.. By keeping $1 as stoploss from your enty price

silver shortterm sell hit 34.060

 

[sumeetsj]

Libya has announced cease fire,
http://english.aljazeera.net/news/africa/2011/03/2011318124421218583.html,
i think precious metals and crude will correct on monday,
I have booked profit in Silver and kept only one lot long now

 

[ashwani chadha]

Libya has announced cease fire,
http://english.aljazeera.net/news/africa/2011/03/2011318124421218583.html,
i think precious metals and crude will correct on monday,
I have booked profit in Silver and kept only one lot long now

dear sumeetsj,i was listening on news, he declared cease fire on one hand,on the other hand, he had not stopped attacking public,uk/usa-top people very angry with this double attitude

 

[sumeetsj]

Even i was seeing the same news,
Nut now I thank God for keeping one lot, i have booked full now at todays gap up.
No open positions in Silver.
If there is a concluding outcome to this war episode it stands for a decent correction i suppose.

Thanks for your inputs