Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-03-2017
MTECHTIPS:- Pound is in strong downtrend with good momentum and the trend is supported with good volume 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 HOLD SHORT position.Positionally Immediate support for GBPINR is 82.39.Resistance for the GBPINR is 83.72-83.91-84.27-84.51-84.72-88.05-
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 83.284 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is on BUY Signal and GBPINR is recovering from oversold level
Intraday Trend- Buy is advised above 83.386 with a stop at 82.555 Below 82.385 go for sell
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