mcx silver weekly Technical analysis for 28 dec to 1 jan 2016

mcx silver weekly Technical analysis for 28 dec to 1 jan 2016
mcx silver future this week closed with gain at 34345.
mcx silver weekly chart price trend is bearish but
momentum is on recovery side.
 
 
For medium term, mcx silver support zones are 34050 and 33000.
On upside expect strong resistance at 35100 and 36155 levels.
 
 
For next week , silver prices might continue to recover so
keep buy on dips view for mcx silver future with stop loss
below 34050 for target 35100 and 36155.
 
 
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Pramod Baviskar

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