MTECHTIPS MCX SILVER INTRADAY trading tips 28-09-2016
MTECHTIPS MCX Silver is in long- term bull phase .Currently Silver is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position. Position ally Support for the Silver is 45282-43893-.Resistance for the Silver is 45760-46244-46393-46409-
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 below 44777.2 Buy if above 47635.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 46213.3 with a stop at 45090.1 Below 44777.2 go for sell.