Nifty - magnetic attraction towards 17200 levels

NSE:NIFTY   Nifty 50 Index
Nifty looking to test one more time before going higher, this break below 17500 to test 17200 looks possible on Daily and Weekly time frame and we can achieve this in next few days.

This expiry will be in favour of bears, or for people who want to trade with tight stop loss.

ON the upside, looking at 17400-17200 levels for a tap bounce, perhaps after expiry this week.

Invalidation level remains last lower low of 17100 levels.

In terms of Falcon Waves (Not Elliott Waves, we are going higher in ABC format in Weekly, not in favour of 12345) However possible wave B will end soon and then Wave C will follow.

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