Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-08-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- 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 SELL signal For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 82.52-.Resistance for the GBPINR is 83.66-83.73-83.75-84.27-84.41-84.55-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 SHORT position The GBPINR is in downtrend For short term buy only if close above 83.714 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 84.025 but caution- close Below low5 fresh selling can occur The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 83.597 with a stop at 82.884 Below 82.754 go for sell
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