WEEKLY ANALYSIS AND TRADE SETUP- 16 APRIL 2017

Weekly analysis of 2nd April mentioned about support around 635 and plan to go long at 645 with target of 670. And our target hit…

As mentioned in previous analysis the 670 level offered nice resistance and prices fallen beautifully.

Now we will wait for confirmation before initiating further trades.

Trend on monthly, weekly daily and 240 is down with over extension on 240 min.
Hence we expecting some retracement till 650 where we will plan short trade for the target of 620-600 odd.

OI analysis too suggesting huge addition of shorts in system.


Trend Analysis:




OI Data Analysis:




Trade Setup: