WEEKLY ANALYSIS AND TRADE SETUP- 12 MARCH 2017

by **AVINASH** Sun Mar 12, 2017 6:21 pm

Nifty is in weekly and daily up trend and deep inside the tested monthly supply. But trend on 240 min is sideways with no good levels.

Bank nifty is in monthly, weekly and daily uptrend with monthly supply zone is broken.
But some profit booking may pull down BNF. Broken trend lines on daily and 240 min, with 240 min Supply in control adds some short term bearish bias.
240 min SZ holding at present and forming level above level.

But huge volatility in market due to election RESULTS will force us to take trade only with confirmation or just observe!!!

Long trade as mentioned in last weekly analysis / trade log has worked well and target was hit.

Trend Analysis:

Trade Setup: