Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-01-2017
MTECHTIPS Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum 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 Support for GBPINR is 83.47-.Resistance for the GBPINR is 84.43-84.66-84.94-85.31-85.87-90.42-
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 is in profit booking mode so hold with stop at 83.704 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 84.128 with a stop at 83.612 Below 83.553 go for sell and put stop at 84.068
WWW.MTECHTIPS.COM
07489294118-119