Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-12-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-12-2016
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 . 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 84.33-84.36-84.88-85.08-85.43-85.96-90.54-
In long term Pound is relatively strengthening against Euro- Dollar-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD LONG position GBPINR has formed new high but the trend looks weak so better buy above 84.378 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Sell only if open below 83.373 with stop loss at 84.158 or sell below 83.153 Buy is not advised till it cross 84.378
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