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Mtechtips MCX-SX GBPINR INTRADAY trading
analysis 28-11-2018
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in
strong downtrend and the trend is supported with good volume 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 Immediate support for GBPINR is
89.29.Resistance for the GBPINR is 92.23-92.61-93.05-93.55-93.75-94.31-95.27- In
medium term Pound is relatively strengthening against Dollar- Yen- In long term
Pound is relatively strengthening against Dollar- Short term and Intraday Level
of Pound with Rupee Currently GBPINR is in SELL position The GBPINR is in
downtrend For short term buy only if close above 91.344 The GBPINR is now
trading in highly oversold level. The USDINR is now trading in oversold level.
The oscillator is showing SELL signal Intraday Trend- Sell if open below 89.052
with stop loss at 90.25 or sell below 88.622 Buy only above 90.681
07489294118-119
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