WEEKLY ANALYSIS AND TRADE SETUP- 16 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 16 APRIL 2017

Post by AVINASH on Sun Apr 16, 2017 11:46 pm

Previous analysis expected some retracement in Nifty towards 9000 odd levels where we were 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. But our stop hit.

Trend on monthly, weekly, daily and 240 min is up but on daily and 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:











Trade Setup:





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