MCX Silver prices rose 0.3 percent after falling 1.3 percent in the last session. Silver is expected to trade negative as per our expert analysis, due to US interest outlook rate which should be increased by the Federal Reserve which led by the global cues.
Also, the other reason is the market is developing gradually due to Greece debt to be regained by the European bank.
At 1.20 PM, MCX Silver is traded at 35502.00 up by 67.00 points which make intraday high of 35600 and low at 35397. It would be recommended to sell silver on this level, which may go further under the level of 35100.
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WWR NICKEL 30-NOV
ReplyDeleteSUPP 1 : 644
SUPP 2 : 633
RES 1 : 660
RES 2 : 670
STRATEGY : SELL ON RISE
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