MTECHTIPS MCX SILVER INTRADAY trading tips 19-10-2016
MTECHTIPS MCX Silver is bearish for medium-long term .Currently Silver is moving sideways The Silver is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Silver above 47077 or buy with strict stop at 40896. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in SELL position.Positionally Support for the Silver is 41834-.Resistance for the Silver is 43168-44464-44660-45050-45815-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 42400.0 with stop at 41567.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 42534.6 with a stop at 41953.6 Below 41816.5 go for sell and put stop at 42397.