MTECHTIPS MCX SILVER INTRADAY trading tips 23-03-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 23-03-2017
MTECHTIPS Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum 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 Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in SELL position.Positionally Support for the Silver is 40989-40517-.Resistance for the Silver is 41419-41488-42009-42088-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 40859 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 41472.2 with a stop at 41072.5 Below 40994.5 go for sell with stop at 41393.8
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