Short term
Shooting star formation In weekly chart the market will fall upto 24.85levels(38.2 retracement of 17.7 oto 29.40 $Trend line Support in Daily Chart) after tht some bounce will be there upto 26 once it breaks 24.85 levels next target will be 21.60(61.8% retracemeant of 17.7 to 29.40& trend line Support in Daily & weekly Chart)
Strong Recommendation( Silver XAG/USD)
Sell @ 26 Stp @ 26.8 tgt 24.9 & 21.6
MCX Silver Players (Dec)
Sell MCX Decmebr Silver between 39710-39760 with strict stop-loss above 40850 Targeting initially 38400 and then 37500
Long term players & Physical buyers wait for 21.60$ good buying level after tht market will move 35$ in jan2011
Shooting star formation In weekly chart the market will fall upto 24.85levels(38.2 retracement of 17.7 oto 29.40 $Trend line Support in Daily Chart) after tht some bounce will be there upto 26 once it breaks 24.85 levels next target will be 21.60(61.8% retracemeant of 17.7 to 29.40& trend line Support in Daily & weekly Chart)
Strong Recommendation( Silver XAG/USD)
Sell @ 26 Stp @ 26.8 tgt 24.9 & 21.6
MCX Silver Players (Dec)
Sell MCX Decmebr Silver between 39710-39760 with strict stop-loss above 40850 Targeting initially 38400 and then 37500
Long term players & Physical buyers wait for 21.60$ good buying level after tht market will move 35$ in jan2011
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