MTECHTIPS MCX SILVER INTRADAY trading tips 27-09-2016
MTECHTIPS MCX Silver is in perfect uptrend .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above47885 or buy with strict stop at 44871. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 46163-46040-45910-45356-45223-43855-. Immediate resistance for Silver is 47885
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in profit booking mode so better sell and enter at lower level The Silver is now trading is approaching overbought level. The oscillator is on SELL signal and Silver is coming down from overbought level
Intraday Trend- Buy is advised above 46872.7 with a stop at 46269.2 Below 46130.4 go for sell.