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MTECHTIPS MCX SILVER INTRADAY trading tips 05-04-2017

Tuesday, April 4, 2017 23:18
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MTECHTIPS MCX SILVER INTRADAY trading tips 05-04-2017



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 The current position is BUY .Positionally Support for the Silver is 41854-41820-41429-41422-41237-41070-. Immediate resistance for Silver is 42991

Short term and Intraday Level of SILVER


Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 42930 or hold with stop at 41901.0 The next resistance will be at 42820.0 The Silver is now trading is approaching overbought level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 42930 with a stop at 42348 Below 42211.1 go for sell and put stop at 42792.6




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