Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-05-2017
MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 82.93-82.42-82.27-81.7-81.59-81.41-.Resistance for the GBPINR is 85.15-
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 GBPINR has crossed the high so for short term better buy above 83.918 with stop at 82.2375 The oscillator is showing BUY signal
Intraday Trend- Buy above 83.918 and keep stop below 83.293 Target is 84.068 next 84.318 Below 83.143 trend reversal can occur and next level is 82.894
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