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MTECHTIPS MCX SILVER INTRADAY trading tips 04-01-2017

Wednesday, January 4, 2017 0:08

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MTECHTIPS MCX SILVER INTRADAY trading tips 04-01-2017

MTECHTIPS Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is on BUY Signal and Silver is recovering from oversold level but has moved past its recent high with good volume points to a positive break out . The oscillator is on BUY Signal and Silver is recovering from oversold level For short term Silver is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Silver is 39903-39269-39026-.Resistance for the Silver is 41174-41961-42853-

Short term and Intraday Level of SILVER

Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 41158.5 or hold with stop at 38931.0 The next resistance will be at 40570.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 41158.5 with a stop at 39787.1 Below 39384.8 go for sell and put stop at 40754.5

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