Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-10-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-10-2017
MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-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 SELL signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 85.45-84.32-83.86-83.62-83.19-.Resistance for the GBPINR is 87.53-88.02- 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 87.553 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 87.104 with a stop at 86.317 Below 86.177 go for sell
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