As expected and already stated, the level of 17300 is now a crucial resistance for the index and the same had been observed in the yesterday's trading session as well.
Moreover, as per the current chart setup, we are expecting a healthy pull back towards 16990 in nifty, for its another attempt to cross a its crucial resistance of 17300.
Also in a way, we are quite optimistic for a weekly favorable breakout. Meanwhile, be stock specific and continue following the cherry picking strategy.