Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-03-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-03-2018

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 88.19-87.44-86.95-85.28-.Resistance for the GBPINR is 90.55-90.62-90.89- In medium term Pound is relatively strengthening against Euro- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend .Last day GBPINR was in bull trend So short term buyers buy if close above 90.521 The oscillator is showing SELL signal Intraday Trend- Buy the GBPINR above 90.611 with a stop at 89.58 Sell if below .89.241 with a stop at 90.611 or sell if opens below 89.58

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