October 27, 2016

MTECHTIPS MCX SILVER INTRADAY trading tips 06-10-2016

MTECHTIPS MCX Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory 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 41952.Resistance for the Silver is 44465-45573-45793-45890-45913-46016-

Short term and Intraday Level of SILVER


Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below41935 Buy if above 46889.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 43297.4 with a stop at 42232.4 Below 41935 go for sell.





Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.