Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-05-2017
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 Pound is in HOLD LONG position.Positionally Support for GBPINR is 82.81-82.69-82.4-82.34-81.67-81.64-.Resistance for the GBPINR is 85.03-
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 is in downtrend For short term buy only if close above 83.348 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is on SELL signal and GBPINR is coming down from overbought level
Intraday Trend- Buy is advised only above 83.938 with a stop at 83.173 Below 83.034 go for sell and put stop at 83.797
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