MTECHTIPS MCX SILVER INTRADAY trading tips 17-01-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 17-01-2017
MTECHTIPS Mcx Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 40520-40440-40050-39808-.Resistance for the Silver is 41363-42514-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 41319.0 with stop at 40556.0 The Silver is now trading is approaching overbought level. The oscillator is on SELL signal and Silver is coming down from overbought level
Intraday Trend- Buy is advised above 41259.2 with a stop at 40769.9 Below 40661.7 go for sell
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