Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-03-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The GBPINR is now trading in oversold level. For short term Pound is in SELL position.Positionally Immediate support for GBPINR is 79.44.Resistance for the GBPINR is 81.6-82.25-82.99-83.76-84.1-84.28-87.25-
In medium term Pound is relatively strengthening against Euro- 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 80.702 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 80.741 with a stop at 80.139 Below 80.05 go for sell
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