October 30, 2015

Silver Weakness at golden ratio

  • Silver daily chart shows price getting resisted at golden ratio. Weekly cloud too is acting as resistance as it has done in the recent past as well. Daily unable to sustain above 200 SMA which is another concern for silver bulls.

Nifty chart update

  • Nifty has violated crucial support zone as shown in first chart. Second chart shows price approaching crucial support zone between 7960 - 8000 levels.