Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-09-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-09-2018

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 90.96-90.57-90.31-90.1-90.05-89.88-89.35-. Immediate resistance for GBPINR is 93.07 In medium term Pound is relatively strengthening against Euro- Dollar- Yen- 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 sideways so for short term better buy above 92.7 with stop at 91.6525 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 above 92.745 with a stop at 91.876 Below 91.716 go for sell

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