MTECHTIPS MCX SILVER INTRADAY trading tips 13-10-2016
MTECHTIPS MCX Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 43332-44414-44546-45111-45454-45906-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is moving sideways with low volatality so short term investor better to buy if close above 42773.0 close below 41060.0 sell will happen. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 42533.7 and Sell if below41569.