Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-12-2019

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-12-2019

MTECHTIPS Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 Pound is in HOLD LONG position.Positionally Support for GBPINR is 92.73-92.59-92.04-90.41-89.76-88.96-88.59-. Immediate resistance for GBPINR is 94.38  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 93.548 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 93.7525 but caution- close Below low5 fresh selling can occur The oscillator is showing BUY signal

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