Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-03-2017
MTECHTIPS:- 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 82.71.Resistance for the GBPINR is 83.83-84-84.3-84.55-84.72-88.12-
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 sideways so for short term better buy above 83.77 with stop at 83.0425 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 83.627 with a stop at 83.123 Below 83.064 go for sell and put stop at 83.567
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