Wednesday, August 22, 2012

SILVER hit the supply zone $29.47-29.87

Hi friends, look at this chart of SILVER. It hit first supply zone of $29.47-29.87 in international market. Now USDINR is only hope for further strong upside or a break out in international price. I dont know the fundamental relation between SILVER price in dollar and Indian rupee, but technically I would like to book profit at the current level Rs.55470 in MCX. What do you say?

SKUMARSYNF showing good buying oppertunity?

On daily chart SKUMARSYNF looking in good demand zone. On my side I would not like to buy more, as it is a small stock and under performer with the market. 22.10 will be a good stop loss. But buying SKUMARSYNF at this level (CMP 24.25) is going to be little risky as the supply zone is around 25.75-26.85 ..so better option to buy on decline around 23..or we can apply our trade management.