MTECHTIPS MCX SILVER INTRADAY trading tips 28-12-2016

MTECHTIPS MCX SILVER INTRADAY trading tips 28-12-2016
MTECHTIPS 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 39549-40264-40438-41436-42400-43201-
Short term and Intraday Level of SILVER

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 39110.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 38325.0 The Silver is now trading is approaching oversold level. The oscillator is on BUY Signal and Silver is recovering from oversold level
Intraday Trend- Buy is advised only above 39702.9 with a stop at 38787.4 Below 38535.1 go for sell and put stop at 39449.6