Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-02-2017
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 .. 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 82.82.Resistance for the GBPINR is 83.98-84.21-84.38-84.39-84.61-84.71-88.25-
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 83.567 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 83.77 but caution- close Below low5 fresh selling can occur The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 83.537 with a stop at 82.954 Below 82.874 go for sell
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