Silver will be weak below Rs 64,700: Rajesh V

Written by: Rajesh V

'Silver will be weak below Rs 64,700'
Rajesh opines that gold should be traded only if the same is above the Rs 28k mark. Meanwhile for Silver the support of Rs 64,700 is crucial.

Gold – Oct:

The level of Rs 28,800 & 26,800 are important for gold for further move, close above or below these levels will decide further trend.

For intraday - trade gold if it maintains above Rs 28,230 it will positive for bulls, and downside breaking below Rs 28,000 is weak and next levels are Rs 27,940 / 27,860 / 27,760.

Silver – Dec:

Below Rs 64,700 levels are weak indication for silver; only above Rs 65,400 we can see bull strength in market. Silver has immediate support at Rs 64,400 levels; we can expect pull back from this levels in intraday.

Copper – Nov:

The level of Rs 412.75 / 415.60 are important orb (open range breakout) levels; open should be above Rs 414.60 for bull side.

Supports – Rs 412.80 / 411.30 / 408.75
Resistances – Rs 415.60 / 417.20 / 419.65

Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in broking industry. He is a contributing writer for You can contact him at rajeshvravanappan (at) gmail (dot) com

If you would also like to contribute or send us a feedback, then e-mail to money (at) oneindia (dot) co (dot) in DISCLAIMER: The views expressed in this article are the views of the author and do not reflect the views of our company. does not take any responsibility for any losses incurred by investors who take their cues from the above article.

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