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Mtechtips MCX-SX GBPINR INTRADAY trading
analysis 04-12-2018
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 88.93.Resistance for the
GBPINR is 91.17-92.14-92.24-93.03-93.33-93.73-94.94- 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 HOLD SHORT position The GBPINR is in downtrend For short
term buy only if close above 90.193 The GBPINR is now trading in highly
oversold level. The GBPINR is now trading in highly oversold level. The
oscillator is showing SELL signal Intraday Trend-Sell is advised if below
89.451 with a stop at 90.41 Above 90.721 go for buy
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