MTECHTIPS MCX SILVER INTRADAY trading tips 30-11-2016
MTECHTIPS MCX Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 40489-.Resistance for the Silver is 41410-42126-42831-43729-44572-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 41385.7 or hold with stop at 39860.0 The next resistance will be at 41300.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 41385.7 with a stop at 40524.2 Below 40292.2 go for sell and put stop at 41152.