MTECHTIPS MCX SILVER INTRADAY trading tips 23-11-2016
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 . 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 39969.Resistance for the Silver is 41750-42363-42435-43381-44123-44917-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is showing some Up momentum So buy above 40838.0 with stop at 40130.0 The Silver is now trading is approaching oversold level. The oscillator is on BUY Signal and Silver is recovering from oversold level
Intraday Trend- Buy is advised only above 41189.1 with a stop at 40550.3 Below 40392.2 go for sell and put stop at 41030.