MTECHTIPS MCX SILVER INTRADAY trading tips 11-08-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 11-08-2017
MTECHTIPS Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on SELL signal and Silver is coming down from overbought level For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 38345-38089-38012-38007-37581-.Resistance for the Silver is 39466- Short term and Intraday Level of SILVERCurrently 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 39808.9 with stop at 36935.0 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 39808.9 with a stop at 38876.9 Below 38619.2 go for sell and put stop at 39550.1
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