WEEKLY ANALYSIS AND TRADE SETUP- 26 MARCH 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 26 MARCH 2017

Post by AVINASH on Sat Mar 25, 2017 9:28 pm

Last weekly analysis highlighted towards the strong daily down trend and OI analysis suggested some short covering at weekly demand area.
This was our basis to initiate aggressive long trade , for which stop triggered.

Now trend on monthly and weekly is in sideways with daily and 240 min trend is down with intact trend line.

As currently in deep at weekly demand area it may offer support at 635 odd. Once some trend change confirm we can initiate some long trade at good level as and when it forms.

OI analysis too suggesting addition of huge shorts in system, on basis of which we have initiated short trade, after breaking our stops at long for the target of 636.


Trend Analysis:




OI Data Analysis:




Trade Setup:


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