MTECHTIPS MCX SILVER INTRADAY trading tips 03-11-2016
MTECHTIPS Silver is bearish for medium-long term .Currently Silver is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Silver. The oscillator is showing BUY signal For short term The current position is BUY and closed above 3 week high with volume signals up breakout.Positionally Support for the Silver is 42412-42371-42222-.Resistance for the Silver is 44317-44997-45044-
Short term and Intraday Level of SILVER
Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 42811 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 44514.5 with a stop at 43817.9 Below 43644.9 go for sell with a stop at 44340.