MTECHTIPS MCX SILVER INTRADAY trading tips 03-04-2017
MTECHTIPS Silver is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for the Silver is 41785-41581-41493-41161-41137-41053-. Immediate resistance for Silver is 42610
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy if close above 42440.0 closing below 41650.0 Sell will happen. The Silver is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 42664.5 with a stop at 42114.9 Below 41988.5 go for sell and put stop at 42537.6
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