Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-04-2018

MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Pound is in strong uptrend 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 on SELL signal and GBPINR is coming down from overbought level For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 90.72-90.18-88.81-88.07-86.09-.Resistance for the GBPINR is 91.92-92.2- In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against Yen- 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 91.688 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 91.97 but caution- close Below low5 fresh selling can occur The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 91.663 with a stop at 90.978 Below 90.868 go for sell

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