MTECHTIPS MCX SILVER INTRADAY trading tips 17-03-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 17-03-2017
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 39649.Resistance for the Silver is 41248-41394-41556-41931-41975-42323-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in sideways and sellers was at high so for short term better buy above 41339.8 or hold with stop at 39808.0 The next resistance will be at 41235.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 41339.8 with a stop at 40187.8 Below 39858.9 go for sell and put stop at 41009.5