MTECHTIPS MCX SILVER INTRADAY trading tips 16-11-2016
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 SHORT position.Positionally Immediate support for Silver is 40371.Resistance for the Silver is 42687-42999-43095-43899-44531-45101-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 42568.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 42131.4 with a stop at 41004.7 Below 40685.2 go for sell and put stop at 41810.6.