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MTECHTIPS MCX SILVER INTRADAY trading tips 16-03-2017

Wednesday, March 15, 2017 23:14
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MTECHTIPS MCX SILVER INTRADAY trading tips 16-03-2017

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MTECHTIPS Silver is bearish for medium-long term .Currently Silver is in strong downtrend 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 39649.Resistance for the Silver is 41387-41407-41572-41968-42082-42380-

Short term and Intraday Level of SILVER

 

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 40421.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 40294.7 with a stop at 39880.4 Below 39795.9 go for sell and put stop at 40209.9

WWW.MTECHTIPS.COM

 

07489294118-119

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