MTECHTIPS MCX SILVER INTRADAY trading tips 24-05-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 24-05-2017
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 .. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 39076-38683-38392-.Resistance for the Silver is 40634-41279-41294-
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 40361.8 with stop at 38541.0 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 40361.8 with a stop at 39716.8 Below 39555.5 go for sell and put stop at 40199.8
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