MTECHTIPS

MTECHTIPS:-SILVER comex or XAG spot in last week rallied 10% from lows but all gain lost on FED comment on QE3.but in last covered some losses on last trading session and closed at 28.5.for next week traders should remain on long side with stoploss of 28 and hope for targets of 29.1 to 30!!while below 28 selling will triggers for targets MCX silver rallied started from 53800 to almost 56400 then again correction taken upto 53500!!on chart last two candle are green and closed above pivot!!so stay long with stoploss of 54,000 and target for week will be 55,300 to 56,100.if hold 54000 then silver may show 6-10% rally from here!!while below 54000 correction upto 51,900 cant be ruled out!!