Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-05-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-05-2016
MTECHTIPS :- Gbp inr future this week closed with strong gains. Pound future achieved my given tgt 99 and 100. In last three weeks period pound recovered from lows of 95 to high of 100 rupees. For next week, gbp inr future outlook remain bullish and strategy remain buy on dips. on gbp inr weekly chart, On downside 98.5 and 97.35 are strong support zones as well as fresh buying levels. On upside 99.2 and 99.8 are resistances as well as tgt zones for next week. Gbp inr monthly chart suggesting this fresh recovery move has its long term tgt around 103+ if sustain above 98 rupee level.
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