Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-05-2017
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 82.91-82.49-82.41-81.8-81.69-81.47-.Resistance for the GBPINR is 85.12-
In long term Pound is relatively strengthening against Euro- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 82.994 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 83.857 with a stop at 82.994 Below 82.814 go for sell with a stop at 83.677
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