Intraday Trading Alert: MCX Silver March Contract
In today’s article we are going to see how we can trade in a silver MCX March contract which can give you a good amount of return as we can see you can buy the level art 89074 to 89100 you can maintain a stop loss between 88670 and set the target at rupees 89680.
Trade Recommendation
- Buy Level: Between 89,074 – 89,100
- Target Price (TP): 89,680
- Stop Loss (SL): 88,670
- Current Market Price (CMP): 89,074
If you maintain the stock loss then it is a good practice and you can save in the future if you have any unfortunate fall then we can see SL can protect your capital from getting washed out so you have to maintain the top loss while doing any trading activity.
Currently, we can see the Silver position is down and if you want you can try your luck to cover up the gap as there can be a good amount of investment in gold and silver in future as we can see before Donald Trump enters the White House there can be a good amount of investment in commodity segment by the US.
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