Home / TIPS / MTECHTIPS MCX SILVER INTRADAY trading tips 16-02-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 16-02-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 16-02-2017

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 42122-41879-41598-41330-40960-40756-. Immediate resistance for Silver is 43060

Short term and Intraday Level of SILVER

 

Currently Silver is in BUY position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 43104.7 with stop at 41793.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 43104.7 with a stop at 42382.2 Below 42198.8 go for sell and put stop at 42920.5

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