MTECHTIPS MCX SILVER INTRADAY trading tips 10-10-2016
MTECHTIPS MCX Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 40896.Resistance for the Silver is 44468-44477-45290-45706-45795-45901-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 42757.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 42641 with a stop at 41436.5 Below 41091.8 go for sell and put stop at 42294.9.