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Mtechtips MCX-SX GBPINR
INTRADAY trading analysis 13-01-2016
Mtechtips Pound traded
down Tuesday after dollar strengthened on safe-haven appeal after oil prices
dipped to 12-year lows as concerns over world economic slowdown deepened.GBPINR
retraced more than 0.78% from the high of 7.6250 levels. Buy strategy given
above 97.75 was not initiated. A long bearish candle stick formation on EOD
chart is yet indicating for bearishness in GBPINR.Today, any rise towards
96.90-97.00 is expect to attract huge selling activities for target 96.60-96.25
and below. Stop loss 97.25.
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