MTECHTIPS MCX SILVER INTRADAY trading tips 16-04-2018

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MTECHTIPS MCX SILVER INTRADAY trading tips 16-04-2018

MTECHTIPS  Silver is in strong uptrend with good momentum 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 38589-38466-38465-38462-38370-38361-. Immediate resistance for Silver is 39617 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 38640 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 39264 with a stop at 38719 Below 38590 go for sell and put stop at 39134

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