January 23, 2017

MTECHTIPS MCX SILVER INTRADAY trading tips 12-01-2017

MTECHTIPS Mcx Silver is bearish for medium-long term .Currently Silver is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 40579-40032-39878-39610-.Resistance for the Silver is 41507-42611-

Short term and Intraday Level of SILVER

 

Currently Silver is in BUY position Silver is moving sideways so short term investor better to buy only above 41319.0 with stop at 39703.0 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 41512.4 with a stop at 40715.6 Below 40505.2 go for sell

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