Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-02-2017
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 84.09-84.45-84.48-84.55-84.71-88.4-
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
The GBPINR is in downtrend For short term buy only if close above 83.907 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- Buy is advised only above 84.138 with a stop at 83.103 Below 82.864 go for sell and put stop at 83.897
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