MTECHTIPS MCX SILVER INTRADAY trading tips 02-01-2018

MTECHTIPS MCX SILVER INTRADAY trading tips 02-01-2018

MTECHTIPS Silver is bearish for medium-long term .Currently 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 The current position is BUY .Positionally Support for the Silver is 38922-38513-38082-37665-37642-.Resistance for the Silver is 39464- Short term and Intraday Level of SILVER Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 38780 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 39563 with a stop at 38943 Below 38789 go for sell with a stop at 39409

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