MTECHTIPS MCX SILVER INTRADAY trading tips 01-08-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 01-08-2017
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 The current position is BUY .Positionally Support for the Silver is 38403-37979-37584-37531-.Resistance for the Silver is 38967-39677- Short term and Intraday Level of SILVERCurrently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 38227 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 38958.2 with a stop at 38450.2 Below 38332.8 go for sell with a stop at 38840.2
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