Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-03-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently 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 HOLD SHORT position.Positionally Immediate support for GBPINR is 80.87.Resistance for the GBPINR is 82.46-82.91-83.51-83.97-84.14-84.47-87.52-
In medium term Pound is relatively strengthening against Dollar- 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 81.532 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 81.483 with a stop at 80.988 Below 80.938 go for sell
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