Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-07-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-07-2017
MTECHTIPS:- The Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Pound. 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 83.66-83.5-83.41-83.02-82.97-82.82-82.35-. Immediate resistance for GBPINR is 85.07 In medium term Pound is relatively strengthening against Euro- In long term Pound is relatively strengthening against Euro-Short term and Intraday Level of Pound with RupeeCurrently GBPINR is in HOLD LONG position GBPINR is moving sideways so short term investor better to buy only above 84.73 or hold with stop at 83.795 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 84.689 with a stop at 84.052 Below 83.952 go for sell
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