Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-12-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-12-2016
MTECHTIPS Pound is weakening against Indian Rupee.Currently Pound is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal For short term Pound is in SELL position.Positionally Support for GBPINR is 83.6-.Resistance for the GBPINR is 85.6-85.62-86.09-86.11-86.34-91.07- In long term Pound is relatively strengthening against Euro- Dollar- Short term and Intraday Level of Pound with Rupee

Currently GBPINR is in HOLD SHORT position GBPINR is in sideways and sellers was at high so for short term better buy above 85.15 or hold with stop at 84.2325 The next resistance will be at 87.445 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 85.15 with a stop at 84.091 Below 83.852 go for sell and put stop at 84.909.
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