MTECHTIPS MCX SILVER INTRADAY trading tips 01-02-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 01-02-2017

MTECHTIPS Silver is bearish for medium-long term .Currently Silver is moving sideways The Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above42254 or buy with strict stop at 40308. The Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 41395-41196-40974-40588-40385-.Resistance for the Silver is 42094-

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 42337.6 or hold with stop at 40470.0 The next resistance will be at 41990.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 42337.6 with a stop at 41656.5 Below 41485.8 go for sell and put stop at 42166.

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