Silver
As spoke in our last mail, that silver might move high till 37600 and it made high of 37700. As can be seen from the chart that Silver is trading near under its crucial trendline resistance of 37850 levels and we won’t give buy untill it cross that level. Hence for the coming weeks, we advise to go long oanly above 37800 levels till 38300 and below 37340 it might fall till 36500 levels with a strong resistance of 37700.
Nifty
After an inverse H/S breakout Nifty is making higher tops and bottoms and trading under its crucial falling resistance line. Any breakout above 8280 levels will take Nifty till 8380 levels. We advise to go short with SL 8330( spot) till 8140-8070 levels.
Crude
Crude is trading in a tight range between 300 points. As seen crude took the support at lower levels and move high. For the coming sessions we assume a bounce till 3130-3200 levels. Interestingly, crude;s Calender spread is more than 60 points which signifies a bullish picture.
Good job, but no one can short Nifty with this kind of news coming in