Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-09-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-09-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume 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 SHORT position.Positionally Immediate support for GBPINR is 81.6.Resistance for the GBPINR is 82.95-83.19-83.41-83.67-83.72-83.74-83.76-In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro-Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR is in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal Intraday Trend- Sell if open below 82.225 with stop loss at 82.855 or sell below 82.076Buy is not advised till it cross 83.006
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