WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

Post by AVINASH on Sun Apr 02, 2017 2:22 pm

Previous analysis expected some retracement in Nifty towards 9000 odd levels where we was planning some long trade.
But we have not got filled.

Also on 240 min the trend line is broken with over extension of prices, which was basis to go short in nifty.

In intraday trades both short trades hit the stop but still we are holding one positional short trade.

Trend on monthly, weekly, daily and 240 min is up with intact trend line but on 240 min trend line is broken.

On Bank nifty chart there is up trend on all time frames with long bias.

We will initiate long trade after some correction in both index.


Trend Analysis:







OI Data Analysis:



Trade Setup:




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AVINASH
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