MTECHTIPS MCX SILVER INTRADAY trading analysis 23-05-2016

MTECHTIPS MCX SILVER INTRADAY trading analysis 23-05-2016

Mcx silver future this week closed with heavy loss. This was third losing week for this precious metal.Mcx silver future going through correction and for next week above 40100 expect strong recovery rally.On downside mcx silver support zones are 38800 and 38500. On upside 40900 and 41350 are resistances as well as tgt zones on reversal.Mcx silver if sustain above 38k on monthly basis then expect 46 to 51k levels till end of year 2016.

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