Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-05-2017
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. For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 82.9-82.76-82.69-82.41-81.83-81.67-.Resistance for the GBPINR is 84.99-
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 GBPINR is moving sideways so short term investor better to buy only above 83.875 with stop at 82.71 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 84.098 with a stop at 83.533 Below 83.463 go for sell
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