Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-07-2017


Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-07-2017

MTECHTIPS:- The Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend with good momentum 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 BUY signal For short term The current position is BUY .Positionally Support for GBPINR is 83.26-83.09-82.84-82.69-82.61-82.32-82.26-. Immediate resistance for GBPINR is 84.99 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 SHORT position The GBPINR is in downtrend For short term buy only if close above 84.202 The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 84.519 with a stop at 83.902 Below 83.812 go for sell and put stop at 84.429

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