Sunday, 20 October 2013

The MCX Silver December futures seem to be poised at a crucial juncture.

The Silver futures need to sustain above Rs 48,500-odd levels for further gains. On the downside, the Rs 46,000-level is a major support, below which the bears may get stronger again.

On the upside, break above Rs 48,500, can trigger a rally to Rs 51,000, and an outside chance of surge towards Rs 56,000-level.

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