Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-02-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum but volume is unsatisfactory 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 82.94.Resistance for the GBPINR is 84.41-84.53-84.54-84.62-84.65-84.85-88.6-
In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against 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 83.96 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 83.687 with a stop at 83.044 Below 82.944 go for sell
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