MTECHTIPS MCX SILVER INTRADAY trading tips 26-07-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 26-07-2017
MTECHTIPS 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 37512-37430-37193-.Resistance for the Silver is 38784-39181-39790-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 38809.9 with stop at 37425.0 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 38809.9 with a stop at 37991.1 Below 37769.9 go for sell and put stop at 38587.7
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