Tuesday, March 21, 2017

GBPINR Intraday Outlook : 22.3.2017

GBPINR Intraday Outlook : 22.3.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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Sterling is quoting at 1.2467, appreciating against US dollar and trading near to three-week high. Key reason for this move was better than expected CPI numbers which were reported yesterday expecting that there may be a shift in stance of BoE's MPC towards hawkish arguments on rate hike. Now markets would focus on any news on Brexit which is expected to be triggered in the next week. Economic calendar remains light for the day. Expect 1.2450 levels to act as pivot.