MTECHTIPS MCX SILVER INTRADAY trading tips 25-11-2016
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 39809.Resistance for the Silver is 41077-41921-42310-43179-43948-44773-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 40896.8 or hold with stop at 39969.0 The next resistance will be at 41093.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 40896.8 with a stop at 39980.3 Below 39729.2 go for sell and put stop at 40644.