Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-03-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-03-2018

MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- term .Currently Pound is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. 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 The current position is BUY .Positionally Support for GBPINR is 88.11-87.38-86.91-85.25-.Resistance for the GBPINR is 90.51-90.58-90.87- In medium term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position GBPINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below89.311 Buy if above 91.4575 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 90.631 with a stop at 89.551 Below 89.311 go for sell

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