MTECHTIPS MCX SILVER INTRADAY trading tips 29-12-2016

MTECHTIPS MCX SILVER INTRADAY trading tips 29-12-2016
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 Support for the Silver is 39003-.Resistance for the Silver is 40096-40394-41385-42317-43124-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 39751.3 or hold with stop at 38325.0 The next resistance will be at 39527.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 39751.3 with a stop at 39215.4 Below 39089.7 go for sell and put stop at 39625.1
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