Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-04-2018

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 The current position is BUY .Positionally Support for GBPINR is 91.27-90.87-90.57-89.87-88.55-87.83-85.93-. Immediate resistance for GBPINR is 93.05 In medium term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 93.226 with stop at 91.6125 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is on SELL signal and GBPINR is coming down from overbought level Intraday Trend- Buy is advised only above 93.226 with a stop at 92.295 Below 92.105 go for sell and put stop at 93.036

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