SILVER Violates support level

• Silver violates the daily support zone at 20.42 - 20.54. Bears need a daily close below this level to confirm breakdown.
• Second chart shows the triangle breakdown of silver extending the fall. Close below the above mentioned zone may target 19.09 and 18.14 levels.

NIFTY Chart update

• Price found support at 50 Day SMA. Price may target the 20 Day SMA for this bounce.
• One has to look for weakness near golden ratio which is around 6200 levels. Sustaining above the 6200 may retest the all time high again.
• For nifty bulls today's gap up should close near the high's to confirm strength.

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