MTECHTIPS MCX SILVER INTRADAY trading tips 15-11-2016
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 .. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.Positionally Immediate support for Silver is 40371.Resistance for the Silver is 42713-43048-43313-44011-44621-45110-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below40018.3 Buy if above 44790.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 42019.4 with a stop at 40476.6 Below 40018.3 go for sell.