Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-12-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-12-2016
MTECHTIPS Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Pound Noting point is 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 Immediate support for GBPINR is 82.8.Resistance for the GBPINR is 84.25-84.99-85.3-85.51-85.57-86.12-90.73-
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 The GBPINR is in downtrend For short term buy only if close above 83.908 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 83.787 with a stop at 82.774 Below 82.545 go for sell
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