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Mtechtips MCX-SX GBPINR INTRADAY trading
analysis 29-11-2018
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 . In last few days volume based selling happened
in the Pound 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 92.24-92.28-93.06-93.26-93.75-94.07-95.21- 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 91.031 The GBPINR is now trading is approaching
oversold level. The GBPINR is now trading is approaching oversold level. The
oscillator is on BUY Signal and GBPINR is recovering from oversold level Intraday
Trend- Buy is advised only above 91.753 with a stop at 90.099 Below 89.67 go
for sell and put stop at 91.322
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