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Sensex: 32402.4 -21.40 Gold: Rs.29621.00
Nifty: 10147.5 -5.60 Silver: Rs.39848.00
Positional call: Buy Silver Mini (June) at current price with stop loss of closing below 38300 - IndiaNotes.com
Positional call: Buy Silver Mini (June) at current price with stop loss of closing below 38300
SMC | Published: 23 May, 2017  | Source : IndiaNotes.com

Recommendation


Positional call: Buy Silver Mini (June) at current price for target of 41000 with stop loss of closing below 38300.


Gold silver ratio


Analysis:


Gold silver ratio after hitting 76 levels is showing show some decline towards 74 levels and it may further decline towards 72 in near term. Any decline in gold silver ratio means silver can outperform gold in near term.




 

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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.