MTECHTIPS MCX SILVER INTRADAY trading tips 19-01-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 19-01-2017
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 Silver is in HOLD LONG position.Positionally Support for the Silver is 41026-40824-40386-40379-39833-.Resistance for the Silver is 42467-
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 42397.3 with stop at 40590.0 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 42397.3 with a stop at 41755.5 Below 41598 go for sell and put stop at 42239.1
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