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SILVERMIC TREND & INTRADAY LEVELS


Trend updated for-May/23/2013.CMP-43255 Overall trend of the Silvermic is bearish for medium-long term .Currently Silvermic is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silvermic is in SELL position.Positionally Immediate support for Silvermic is 40603.Resistance for the Silvermic is 43867-44323-44560-47017-49602-51567-

Short term and Intraday Level of SILVERMIC

Currently Silvermic is in HOLD SHORT position Silvermic is in sideways and sellers was at high so for short term better buy above 44225.7 or hold with stop at 40766.0 The next resistance will be at 44650.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 44225.7 with a stop at 42728.1 Below 42287.8 go for sell and put stop at 43783.6
Intraday Resistance of SILVERMIC are 43696.2 : 44137.5 : 44869.9 : 43963.3 : 44006.9
Intraday Support of SILVERMIC are 42813.8 : 42372.5 : 41640.1 : 43336.5 : 43293.2


INTRADAY LEVEL OF SILVERMIC PROBABLE HIGH PROBABLE LOW
R4 44959.6 BULL 43740.0 42755.0
R3 44225.7 UP BREAKOUT 43494.0 43001.0
R2 43959.1 STOP LEVEL LEVEL FOR LONG LEVEL FOR SHORT
R1 43783.6 SELL 44218.0 42096.0
PIVOT 43649.3   5 DAY HIGH 44650.0
S1 42728.1 BUY 5 DAY LOW 40766.0
S2 42553.3 STOP AVG VOLUME 162
S3 42287.8 DOWN BREAK OUT LAST DAY Bull
S4 41556.8 BEAR HIGH 44650.0
TRADING POSTION BUY LOW 43043.0
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