Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-08-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-08-2018

MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend but volume is unsatisfactory 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 HOLD SHORT position.Positionally Support for GBPINR is 90.27-90.17-90.15-89.87-88.85-.Resistance for the GBPINR is 91.48-91.53- 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 In short term GBPINR is in strong up trend so hold with stop at 90.43 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 90.982 with a stop at 90.439 Below 90.379 go for sell with a stop at 90.921

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