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MTECHTIPS MCX SILVER INTRADAY trading tips 21-02-2017

Monday, February 20, 2017 22:43
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MTECHTIPS MCX SILVER INTRADAY trading tips 21-02-2017

 

 

MTECHTIPS 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 Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 42418-42202-41841-41254-40933-40840-. Immediate resistance for Silver is 43304

Short term and Intraday Level of SILVER

 

Currently Silver is in HOLD LONG position Silver is in profit booking mode so hold with stop at 42684 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 43163.3 with a stop at 42725.8 Below 42637.4 go for sell and put stop at 43074.5

WWW.MTECHTIPS.COM

 

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