Mcx silver hit low near 42600 now remain buy

Mcx silver intraday report for 8th November 2016 Mcx silver intraday report for 8th November 2016 Mcx silver future last closed at 42880 with loss. As expected below 43150 we saw swing low near 42600 but now expect reversal and breakout above 43150 for big upside in medium terms. For intraday, mcx silver support zones are 42600 and 42050 and these are fresh long entry zones. On upside 43800 and 44500 are intraday resistances as well as target zones. Above 43150, positional commodity traders keep target at 45200+.

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Pramod Baviskar

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