Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-08-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- term .Currently Pound is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 82.55-.Resistance for the GBPINR is 83.67-83.73-83.74-84.24-84.37-84.47-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 The GBPINR is in downtrend For short term buy only if close above 83.459 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 only above 83.537 with a stop at 83.044 Below 82.984 go for sell and put stop at 83.477
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