Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-12-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-12-2017
MTECHTIPS:- The Pound is Strongly strengthening against Indian Rupee .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 SELL position.Positionally Support for GBPINR is 85.92-85.87-85.84-85.69-85.67-85.13-83.75-. Immediate resistance for GBPINR is 86.95 Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 86.082 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 86.743 with a stop at 86.257 Below 86.217 go for sell with a stop at 86.703
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