Monday, May 14, 2018

MCX SILVER (JUL) @ 40541


Weekly Basis: - This counter at last week shown some up move but as we mentioned before that silver moved in range, its moving between 38000 to 41000 and still we don’t have any major breakout so we can decide next confirm trend. If this up move really have any strength than it have to cross and give closing above 41200. Once close above this level we are expecting next future up move in this counter. Once you can take small risk and keep short here with some small but strict stop loss of 70-80 point and hold for downside target till 39890 and 39890 will give opportunity to buy here for positional. Remember does not hold short position in case its give closing above 41200 on any cost. Big move likely.

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