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?
Hi friends, Trader's Community is created for Indian Stock Market, completely based on Technical Analysis, purpose of this blog is to help traders, all kind of comment, suggestion, criticism are welcome because all these may help me to analyze better and may help traders too, and I wish to thank all my readers and followers.
Wednesday, August 22, 2012
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.
Monday, August 20, 2012
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