MTECHTIPS MCX SILVER INTRADAY trading tips 18-08-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 18-08-2017
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 Silver is in HOLD LONG position.Positionally Support for the Silver is 38361-38266-38259-37975-37972-.Resistance for the Silver is 39356Short term and Intraday Level of SILVER Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 39222.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 38305.0 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 only above 39444.5 with a stop at 38886.2 Below 38752.6 go for sell and put stop at 39310.3
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