MTECHTIPS MCX SILVER INTRADAY trading tips 22-02-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 22-02-2017
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 Silver is in HOLD LONG position.Positionally Support for the Silver is 42451-42262-41915-41253-40932-40862-. Immediate resistance for Silver is 43304
Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy if close above 43131.0 closing below 42286.0 Sell will happen. 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 43205.9 with a stop at 42608.8 Below 42467.2 go for sell and put stop at 43063.8
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