MTECHTIPS MCX SILVER INTRADAY trading tips 23-05-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 23-05-2017
MTECHTIPS Mcx Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 39165-38467-38308-.Resistance for the Silver is 40643-41284-41311-
Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 40405.3 or hold with stop at 38541.0 The next resistance will be at 39920.0 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 40405.3 with a stop at 39569.4 Below 39344.5 go for sell and put stop at 40179.5
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