MTECHTIPS MCX SILVER INTRADAY trading tips 08-08-2018

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MTECHTIPS MCX SILVER INTRADAY trading tips 08-08-2018

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 . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 37585.Resistance for the Silver is 38310-38386-38846-39448-39497-39628- Short term and Intraday Level of SILVER Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy only above 38285 or hold with stop at 37736 The Silver is now trading is approaching oversold level. The oscillator is on BUY Signal and Silver is recovering from oversold level Intraday Trend- Buy is advised above 38136 with a stop at 37718 Below 37630 go for sell

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