WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

Last weekly analysis has clearly mentioned about short biased during last week,
which is the reason to initiate short trade, which has hit the target and given us good profit.

Also last weekly analysis mentioned about support around 635 odd level, which has proved its strength.

We have mentioned to initiate long trade after confirmation around 635, but we have missed it and prices are zooming from that level.
We have planned long in April contract around 645 but this time too our entry missed by 40 Paise as low made was 645.6…

Now nickel is in monthly, weekly and 240 min sideways trend with daily trend is down but trend line is broken on daily,
which is reason for long. First resistance is seen around 670 level after which 700 + is in line.

OI analysis suggesting building of long positions in system.


Trend Analysis:




OI Data Analysis:




Trade Setup: