SILVER-I Closes at `57508.00 with a gain of +1.0% at MCX on 25 Aug 2012 with formation of a White Candle. As per Technical Chart, SILVER is now in Extremely Over-Bought Zone. Major Momentum Indicators are also in Bullish Zone.
We Recommend to Target : `55111.10
Stop: Loss :` 58099.50
Time Frame: 6 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 Or SMS at +91 880 2230 836