MTECHTIPS MCX SILVER INTRADAY trading tips 02-11-2016
MTECHTIPS Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position and closed above 3 week high with volume signals up breakout.Positionally Support for the Silver is 42441-42205-42077-.Resistance for the Silver is 44308-44971-45071-
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 has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 44413 with stop at 41925.0 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 44413 with a stop at 43110.9 Below 42736 go for sell and put stop at 44036.