SILVERM TREND & INTRADAY LEVELS

(Record Updated for-Dec/30/2011)-CMP-50240 Overall trend of the Silverm is bearish for medium-long term .Currently Silverm is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silverm. The Silverm is now trading in oversold level. The Silverm is now trading in oversold level. The oscillator is showing SELL signal For short term Silverm is in HOLD SHORTposition and closed below 1 month low with volume signals down breakout

SILVERM SUPPORT AND RESISTANCE

Immediate support for Silverm is 48424.Resistance for the Silverm is 52779-5337954885-55135-55726-56409-

SILVERM- SHORT TERM TREND

Silverm and closed below 1 week low with volume signals down breakoutCurrently Silverm is in HOLD SHORT position Silverm has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below48978 Buy if above 53280.0 The Silverm is now trading is approaching oversold level. The Silverm is now trading is approaching oversold level. The oscillator is showing SELL signal

SILVERM-INTRADAY TREND
Buy is advised above 51506.6 with a stop at 49558.8 Below 48978 go for sell

SILVERM DAY TRADING LEVELS AND STATICS