Nifty 50 has format head and shoulders and turn on daily timeframe also retesting previous trend line on last trading day of first week of March if recent bottom of 17,300 is broken then we can see damage towards towards 17,000 and 16,500 in upcoming days. Once investor should book profits on index and wait for the value buying at 12,500 to 13,500 feet price earning of 10 to 15.