Sunday, August 26, 2012

Nifty Next- SILVER Technical Price Chart & Weekly View for 27Aug-1 Sep2012 on MCX


SILVER-I  Closes at `57508.00 with a gain of +1.0% at MCX on 25 Aug 2012 with formation of a White Candle. As per Technical Chart, SILVER  is now in  Extremely Over-Bought Zone. Major Momentum Indicators are also in Bullish Zone.
We Recommend to BUY / SELL / ACCUMULATE/ HOLD:  SILVER-I at CMP                   
Target : `55111.10
Stop: Loss :` 58099.50
Time Frame: 6 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 Or SMS at +91 880 2230 836

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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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