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Thursday, March 31, 2016

Silver and USDINR long term view only for positional trade 31 Mar 2016





Silver




Support at 36250---35900 and Resistance at 37000






Close below 36250 will take to 36000---35900. Three
 consecutive closes + weekly close below 35900 will see sharp downside panic in Silver till 33800---33800 mark in coming weeks


If unable to breach 35900 then it could take U-turn again


Trading near to its crucial support. 


Silver is forming double top pattern on daily chart having target of 2900 points in Silver i.e. 38800-35900= 2900


Will it test 33000 mark or take U-Turn???



A big question.... So traders can trade safely with levels only. Anything seems will update via App.









USDINR




Looks extreme weak on monthly charts and chances are bright for downside move in it. 


Three consecutive closes + weekly close below 66.40 will see sharp downside panic in USDINR till 64.00---63.00 mark in days to come






On monthly chart.... Major hurdle at 70.00


Will it breach 70.00 or could test 58.00 mark in coming months


All things are hidden in the dearth of future


USDINR will play key role in volatility... So traders can try to trade safely with levels only











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