Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-08-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- medium- term .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. 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 83.07-83.04-82.98-82.48-.Resistance for the GBPINR is 84.33-84.49-84.65-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 Rupee Currently GBPINR is in HOLD SHORT position GBPINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below83.513 Buy if above 85.17 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 84.298 with a stop at 83.622 Below 83.513 go for sell
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