MTECHTIPS MCX SILVER INTRADAY trading tips 28-07-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 28-07-2017
MTECHTIPS Silver is bearish for medium-long term .Currently Silver is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for the Silver is 37708-37518-37296-.Resistance for the Silver is 38748-39074-39719-Short term and Intraday Level of SILVER Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 38699.0 or hold with stop at 37652.0 The Silver is now trading is approaching overbought level. The oscillator is on SELL signal and Silver is coming down from overbought level Intraday Trend- Buy is advised above 38673.9 with a stop at 38019.9 Below 37853.4 go for sell
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