MTECHTIPS MCX SILVER INTRADAY trading tips 09-08-2018

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MTECHTIPS MCX SILVER INTRADAY trading tips 09-08-2018

MTECHTIPS  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 38248-38353-38794-39406-39495-39607-

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 with stop at 37736 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 38190 with a stop at 37787 Below 37704 go for sell

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