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MTECHTIPS MCX SILVER INTRADAY trading tips 13-02-2017

Sunday, February 12, 2017 23:45
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MTECHTIPS MCX SILVER INTRADAY trading tips 13-02-2017



MTECHTIPS Silver is in perfect uptrend .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 41885-41699-41430-41382-40971-40661-. Immediate resistance for Silver is 42907

Short term and Intraday Level of SILVER


Currently Silver is in HOLD LONG position Silver has crossed the 5 day high but the trend was not strong and sellers was at high so for short term better buy above 43208.5 with stop at 41793.0 The Silver is now trading is approaching overbought level. The oscillator is on SELL signal and Silver is coming down from overbought level

Intraday Trend- Buy is advised only above 43208.5 with a stop at 42249.7 Below 41987.6 go for sell and put stop at 42945.3





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