MTECHTIPS MCX SILVER INTRADAY trading tips 26-12-2016

MTECHTIPS MCX SILVER INTRADAY trading tips 26-12-2016
MTECHTIPS Mcx Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 38390.Resistance for the Silver is 40084-40583-40586-41572-42581-43352-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy only above 39763.0 or hold with stop at 38544.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 39012.7 with a stop at 38348.2 Below 38178.7 go for sell
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