MTECHTIPS MCX SILVER INTRADAY trading tips 17-11-2016
MTECHTIPS MCX Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 40371.Resistance for the Silver is 42661-42810-42934-43788-44445-45090-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 44435.0 with stop at 40533.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 41635.5 with a stop at 40998.6 Below 40841.7 go for sell.