Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-07-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-07-2018

MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower 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 Pound is in SELL position.Positionally Support for GBPINR is 90.2-89.93-88.84-.Resistance for the GBPINR is 90.97-91.51-91.52- In medium term Pound is relatively strengthening against Euro- Dollar- In long term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position GBPINR is in profit booking mode so hold with stop at 90.434 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 90.831 with a stop at 90.369 Below 90.339 go for sell and put stop at 90.801

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