Mcx silver weekly- fresh breakdown heading towards 42000 and 40400

Mcx silver weekly technical forecast for 14 to 18 November 2016 Mcx silver weekly technical forecast for 14 to 18 November 2016 Mcx silver future this week closed with heavy loss. Mcx silver this week hit high around 44800 while low was near 42000. Silver price after last 3 weeks recovery seen strong downside on strong dollar index and fed rate hike possibility.   Mcx silver future was in uptrend but last session strong profit booking as well as fresh breakdown below 43150 levels. On downside 42000 and 40400 are major support zones as well as immediate target zones. Below 40400, mcx silver major support and well as target zones will be 38300.   Bullion traders below 43150, silver remain sell and bearish and traders keep sell on rise view. From medium to long term view, mcx silver below 43300, remain sell and expect target 38550 and then 35800.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.