MTECHTIPS MCX SILVER INTRADAY trading tips 07-02-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 07-02-2017
MTECHTIPS Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above42638 or buy with strict stop at 40308. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 41611-41542-41457-41009-40968-40497-. Immediate resistance for Silver is 42638
Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is in profit booking mode so hold with stop at 41687 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 only above 42671.4 with a stop at 42051.6 Below 41901.8 go for sell and put stop at 42521
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