Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend with good momentum but volume is unsatisfactory 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 BUY signal For short term The current position is BUY .Positionally Support for GBPINR is 81.79-81.74-81.27-81.25-.Resistance for the GBPINR is 83.1-83.64-85.24-
In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against Euro- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position The GBPINR was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 82.646 If trades and sustain above 82.7175 it is a covering signal The oscillator is showing SELL signal
Intraday Trend-The GBPINR closed in a confusion manner So sell for intraday Only below 82.345 with a stop at 82.926 If opens above 82.926 or trade above 83.006 go for buy with stop at 82.425
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