Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-08-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Pound. 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 SELL position.Positionally Immediate support for GBPINR is 81.77.Resistance for the GBPINR is 83.28-83.35-83.7-83.71-83.72-83.98-In medium term Pound is relatively strengthening against Euro- Yen- 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 below81.816 Buy if above 82.95 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 82.384 with a stop at 81.876 Below 81.816 go for sell
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