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MTECHTIPS MCX SILVER INTRADAY trading tips 14-02-2017
MTECHTIPS Silver is in perfect uptrend .Currently 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 41989-41765-41465-41389-40970-40702-. Immediate resistance for Silver is 42907
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy only above 42736.0 or hold with stop at 41793.0 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 43031 with a stop at 42076.1 Below 41815.1 go for sell
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