Is silver getting ready for another dip?

As per daily silver is facing resistance at 50% fib retracement on previous bearish swing and its 60 days SMA around 35.32. Bearish cross over on MACD near zero line also suggesting some bearish environment. Silver having a psychological support at 33 breach of this level would signal a decline till 30.50 and 28 in coming days. Silver moving in a rising wedge on daily chart and 33 is support of this rising wedge. Rising wedge are always works as continuation pattern during down trend. These all ways are suggesting that this counter will remain in control of bears in coming days but we need a confirmation below 33 on daily closing basis. 35.40 will remain strong resistance for this view for targeting around 30.50-28.50 and 26.70 in coming days.

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Nifty Options Weekly Expiry; MAX PAIN stands at 13400

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First step towards becoming Financial Independent...

Success is not getting a highest paying job but success is when you get enough free time for yourself you can do whatever you want you can go wherever you want to go without concerning about your job and effecting your lifestyle. Generally people waste their early age in preparing for govt. Jobs and they put their energy and time for preparing job but among those only few people get the govt. Jobs and rest stay jobless with wasted time of 3 to 5 years of their graduation and mostly spend their life jobless or with mediocre salary. In India people In their early age after graduation don't have much pressure from family for earning and they usually use this time to prepare for competitive exams for job and take some courses and among them only few people get job and rest remains jobless and then they keep blaming the system for their unemployment. Let's take an example to understand magic of starting earning and saving in early age. Because in ea...

Nifty Struggles at 24800: What Options Data Tells Us About Market Direction

Nifty settled at 24,578 , down by 1.39% on Tuesday. The index failed to attract follow-up buying above 24,800 , which acted as a strong resistance zone (as highlighted in our previous write-up dated May 2, 2025 ). It eventually closed well below this level, indicating the presence of selling interest near key resistance. Technical Overview: Nifty successfully tested the resistance zone of 24,800 and subsequently formed a bearish Harami pattern on the daily chart. This pattern coincides with a recent swing top and occurred near a resistance zone, thereby strengthening its technical significance. A large trading range was observed on Monday, May 12, 2025 , which suggests the possibility of a sideways move in the coming sessions. Despite the recent pullback, the intermediate trend remains bullish as the price is still holding above the 9 and 21 DEMA levels. Moreover, the 9 DEMA is placed above the 21 DEMA , confirming the uptrend. Key support is now seen in the 24,100–24,000...

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