MTECHTIPS MCX silver INTRADAY trading analysis 25-01-2016

MTECHTIPS MCX silver INTRADAY trading analysis 25-01-2016

Mcx silver Support at $13.60 and Resistance at $14.80---$15.30 Looks positive and could test its resistance level of $14.80---$15.30 again Fresh selling can initiate only weekly close below $13.60 mark In panic will buy with stop loss of $13.60 on closing basis On MCX division, Silver has support at 34200 and Resistance at 34600 Close above 34600 will see further upside rally til 34900---35350 and then to 36000+ mark in days to come Else it could test its support level of 34200 and then to 33600---33300 mark again Further downside panic will see only weekly close below 32600 mark.

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