MTECHTIPS MCX SILVER INTRADAY trading tips 18-11-2016
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 42548-42617-42814-43679-44353-45066-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is moving sideways with low volatality so short term investor better to buy if close above 44435.0 close below 40533.0 Sell will happen. The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 41549.3 and Sell if below39933.6.