MTECHTIPS MCX SILVER BUY ABOVE 41800 STOPLOSS 41500 TGT 42400 TGT - TopicsExpress

MTECHTIPS MCX SILVER BUY ABOVE 41800 STOPLOSS 41500 TGT 42400 TGT 42900 MTECHTIPS MCX SILVER intraday trading analysis 16-06-2014 MCX silver future on last trading session closed at 41,875 with gain. On daily chart, silver is closed just below its 3-month average with strong recovery pattern. From short-term view, 41k is first support on downside, which is its 1-month average, and below it 39,800 will be next support of previous bottom. On upside 42,000 is 3 month average and strong resistance and above it 43k and 44k are next resistance levels for next week. Traders here with stop loss below 41k can keep long view on silver and expect short-term trend breakout for target 43k to 44k. WWW.MTECHTIPS.COM 07489294118-119

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