MTECHTIPS MCX SILVER INTRADAY trading tips 08-11-2016
MTECHTIPS MCX 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 . 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 .Positionally Support for the Silver is 42735-42475-42219-.Resistance for the Silver is 44263-44914-45048-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy only above 44200.0 with stop at 42494.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 43454.2 with a stop at 42630.4 Below 42413.6 go for sell.