MTECHTIPS MCX SILVER INTRADAY trading tips 20-12-2016

MTECHTIPS MCX SILVER INTRADAY trading tips 20-12-2016
MTECHTIPS Mcx Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 38964.Resistance for the Silver is 40893-40907-41046-41803-42972-43689-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 41970.0 with stop at 39120.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 40735.5 with a stop at 38744.8 Below 38135.4 go for sell.
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