MTECHTIPS MCX SILVER INTRADAY trading tips 04-04-2017
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 oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 41803-41725-41449-41263-41196-41054-. Immediate resistance for Silver is 42610
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position The Silver is in downtrend For short term buy only if close above 42398.0 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 42611.7 with a stop at 42133.7 Below 42031.1 go for sell and put stop at 42508.7
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