MTECHTIPS MCX SILVER INTRADAY trading tips 05-01-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 05-01-2017
MTECHTIPS Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is on BUY Signal and Silver is recovering from oversold level .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above41502 or buy with strict stop at 38172. The oscillator is on BUY Signal and Silver is recovering from oversold level For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 39910-39173-39139-.Resistance for the Silver is 41135-41864-42794-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 41089 with stop at 38931.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 41089 with a stop at 39817.2 Below 39447.9 go for sell and put stop at 40718.3
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