WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 23 APRIL 2017

Post by AVINASH on Sun Apr 23, 2017 8:53 pm

As mentioned in previous analysis the retracement in NF/BNF has started.

We have taken bearish position in BNF option, which given us nice profit. cheers

We aggressively initiated long in BNF in small position size as we were expecting further fall, but its stopped out.

On NF monthly trend is up with up trend line but on weekly up trend line is broken.
Trend on daily is sideways and 240 minis down. We will plan short trade on confirmation till 9000 odd.


On BNF monthly trend is up with intact trend line but on weekly up trend line is broken.
On daily its sideways with down trend on 240 min with broken trend line. We will plan some aggressive short till 21000.



Trend Analysis:











Trade Setup:




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