WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017

by **AVINASH** on Sun Apr 23, 2017 8:51 pm

Last weekly analysis mentioned about bearish bias in nickel till the level of 600 odd and nickel fallen nicely till 600 odd and holding 600 level.

We planned short trade around 650 odd but we not got fill in this trade.

Now trend on monthly, weekly, daily and 240 min is down but prices are over extended and
we may see some recovery till 650 where we initiate short trade after confirmation.

OI analysis suggesting of long unwinding.

Trend Analysis:

WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017 Nickl17

OI Data Analysis:

Trade Setup: