Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-02-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend 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 82.85.Resistance for the GBPINR is 84.16-84.47-84.52-84.55-84.58-84.7-88.47-
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 GBPINR is in sell mode sell below 82.914 buy only above 84.1625 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 82.914 with stop loss at 83.707 or sell below 82.674Buy is not advised till it cross 83.948
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