Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-03-2016
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-03-2016
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MTECHTIPS :- Gbp inr future this week closed with loss. This was third losing week for pound against rupee. In these 3 weeks gbp lost almost 5 rupee. From top of 99.5 to 94.5. For next week, expect gbp inr future to recover. On upside 96.7 is first target zone for this recovery rally. Above 96.7 trend will change to bull side and in that scenario targets will extends to 98.2 and then possibly 101. On downside, 93.8 is major support and best buy zone from medium to long term view. If gbp inr future give monthly closing above 98.5 then long term trend will change to bull side.
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