MTECHTIPS MCX SILVER INTRADAY trading tips 03-10-2016
MTECHTIPS MCX Silver is in long- term bull phase .Currently Silver is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Silver above 47826 or buy with strict stop at 44871. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 45450-44035-.Resistance for the Silver is 45991-46193-46206-46472-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways and sellers was at high so for short term better buy above 46516.2 or hold with stop at 45234.0 The next resistance will be at 46889.0 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 46516.2 with a stop at 45286.6 Below 44938.6 go for sell and put stop at 46166.