MTECHTIPS MCX SILVER INTRADAY trading tips 08-02-2017
MTECHTIPS Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 41623-41575-41559-41143-40969-40534-. Immediate resistance for Silver is 42750
Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in sideways and sellers was at high so for short term better buy above 42813.3 or hold with stop at 41444.0 The next resistance will be at 42580.0 The Silver is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 42813.3 with a stop at 42304.3 Below 42191.6 go for sell and put stop at 42700.1


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