MTECHTIPS MCX SILVER INTRADAY trading tips 27-12-2016

MTECHTIPS MCX SILVER INTRADAY trading tips 27-12-2016
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 38172.Resistance for the Silver is 39761-40392-40505-41498-42487-43274-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below38208.5 Buy if above 39763.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 38818.4 with a stop at 38322.3 Below 38208.5 go for sell
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