Markets have shown pull back for the last 2 sessions, with recovery from low point of 16850 to 17100. 17100 has acted as support levels previously and is a strong support zone. the upside immediate resistance of 17145/150.
in case of any gap down opening or flat opening and downward movement. the levels for retest are 17100. in case of gap up opening or flat opening and up movement the levels are 17145-150. Any retest at these levels should be a trade opportunity. of broken down, the downward targets would be 17100/17030/16950/16850. .Upside targets should be 17200/17270/350/425.
Any close of session till 17300 should be considered as a pull back and if closes above 17300 then we can see a probable uptrend starting. till 17300 is broken and sustained, sell in rise should be the moto.
in case of any gap down opening or flat opening and downward movement. the levels for retest are 17100. in case of gap up opening or flat opening and up movement the levels are 17145-150. Any retest at these levels should be a trade opportunity. of broken down, the downward targets would be 17100/17030/16950/16850. .Upside targets should be 17200/17270/350/425.
Any close of session till 17300 should be considered as a pull back and if closes above 17300 then we can see a probable uptrend starting. till 17300 is broken and sustained, sell in rise should be the moto.