MTECHTIPS MCX SILVER INTRADAY trading tips 22-11-2016
MTECHTIPS MCX Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory 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 39969.Resistance for the Silver is 42003-42491-42549-43478-44197-44984-
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 41637.0 with stop at 40130.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 40815.5 with a stop at 40327.6 Below 40219.3 go for sell and put stop at 40706.