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

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

MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .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 90.93-90.62-89.96-88.61-87.88-85.97-.Resistance for the GBPINR is 92.1- In medium term Pound is relatively strengthening against Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position GBPINR is in sideways but the trend looks weak so better buy above 92.6775 or hold with stop at 91.5325 The oscillator is showing SELL signal Intraday Trend- Sell if open below 91.048 with stop loss at 92.024 or sell below 90.738Buy is not advised till it cross 92.334

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