MTECHTIPS MCX silver intraday trading analysis 13-04-2015
mcx silver future on last trading session closed at 36713 with gain. on daily chart, silver future price trend and short term momentum both are bullish. 37500 was medium term bearish below for 36000 and 34700 targets. form short term view, silver future has supports around 35800 and then 34800. while on upside 37200 and then 37500 are strong resistances as well as target zones. daily chart indicators are overbought suggesting correction as well as consolidation ahead.