WEEKLY ANALYSIS AND TRADE SETUP- 26 MARCH 2017
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WEEKLY ANALYSIS AND TRADE SETUP- 26 MARCH 2017
Last weekly analysis mentioned about over extension on 240 min, which was basis to initiate short trade, and our target hit!!
Trend on monthly, weekly and daily is up with intact trend lines.
However, trend is sideways on 24o min which may push price down towards 9000 odd, where we initiate our long trade.
Similarly trend on Bank nifty is up in monthly, weekly and daily with intact trend lines. But 240 min trend is sideways.
So some correction is expected which will give us opportunity to go long at 20900 odd.
Trend Analysis:
Bank nifty
Nifty
Trade Setup:
Trend on monthly, weekly and daily is up with intact trend lines.
However, trend is sideways on 24o min which may push price down towards 9000 odd, where we initiate our long trade.
Similarly trend on Bank nifty is up in monthly, weekly and daily with intact trend lines. But 240 min trend is sideways.
So some correction is expected which will give us opportunity to go long at 20900 odd.
Trend Analysis:
Bank nifty
Nifty
Trade Setup:
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