MTECHTIPS MCX SILVER INTRADAY trading tips 20-02-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 20-02-2017
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 Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 42356-42100-41760-41274-40940-40806-. Immediate resistance for Silver is 43304
Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 43285.2 with stop at 42222.0 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 43285.2 with a stop at 42720.5 Below 42589.8 go for sell and put stop at 43154
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