MTECHTIPS MCX SILVER INTRADAY trading tips 05-12-2017

MTECHTIPS MCX SILVER INTRADAY trading tips 05-12-2017
MTECHTIPS Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silver Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 37151.Resistance for the Silver is 38748-39127-39364-39510-39638-39888- Short 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 37968.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 37937 with a stop at 37235 Below 37051 go for sell
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