MTECHTIPS MCX SILVER INTRADAY trading tips 22-12-2016

MTECHTIPS MCX SILVER INTRADAY trading tips 22-12-2016
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 38515.Resistance for the Silver is 40604-40729-40748-41695-42768-43516-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 39665.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 39600.6 with a stop at 38871.3 Below 38680.9 go for sell
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