Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-11-2016
MTECHTIPS Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 81.58-81.53-.Resistance for the GBPINR is 83.79-86.23-87.07-88.91-93.09-
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 LONG position GBPINR is moving sideways so short term investor better to buy if close above 82.4525 closing below 81.225 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 82.615 with a stop at 81.786 Below 81.616 go for sell and put stop at 82.445.