MTECHTIPS MCX SILVER INTRADAY trading tips 07-08-2017


MTECHTIPS MCX SILVER INTRADAY trading tips 07-08-2017

MTECHTIPS Silver is bearish for medium-long term.Currently Silver is showing some down move and the trend and not gained strength momentum is also showing strength and 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 LONG position and Silver closed below 1 week low with volume signals down breakout.Positionally Immediate support for Silver is 36904.Resistance for the Silver is 37748-38195-38328-38555-38766-39584-Short term and Intraday Level of SILVER Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 38226.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 37989.6 with a stop at 36862.2 Below 36537 go for sell

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