Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-01-2018

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-01-2018
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 85.94-85.89-85.83-85.68-85.15-83.78-. Immediate resistance for GBPINR is 87.65 Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 86.863 with stop at 85.64 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 86.863 with a stop at 86.357 Below 86.297 go for sell and put stop at 86.803
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