As per MCX www.crudeoperator.com mumbai intraday research base company MCX Silver regained its charm and marked a green monthly bar after and after a series of red bars. Prices gained nearly 8 percent while creating a staircase of higher highs. For next month, the structure is looking promising for upside while momentum indicator signal has entered in to active zone in mcx silver.
Level wise, the counter can surge higher towards Rs.43500-43600/as per lot zone whereas
Rs.40400/as per lot could become a key base to support the prospective rally. As a trading idea,
traders can buy mcx silver near Rs. 41200-41000/as per lot with stop loss of Rs.40300/as per lot for the tgt
price of Rs.43500/ as per lot.