MTECHTIPS MCX silver INTRADAY trading analysis 18-09-2015
Mcx silver dec expiry future is trading at 36033 with gain. Silver recorded intraday high around 36120 and now trading just below it. For today, silver future has strong intraday resistance at 36040 then 36500 and last 36600. These levels will also be target zones for intraday traders. On downside 34800 is major support as well as reentry zone for fresh buyers. Those are long must trail stop loss and wait for target 36500-36600 while risky traders can go short near 36600 with stop loss for correction move up to 35500 to 34800.