EXPECTATION : The short term trend of Nifty is in a strong mode and the broad market indices were also in driver's seat. One may expect further upside in the next 1-2 sessions, before showing another round of consolidation or minor profit booking from the new highs. The next upside levels to be watched around 17,500 and immediate support is placed at 17,150, A long bull candle was formed on the daily chart, that surpassed a reasonable negative candle of Wednesday and closed above it. This pattern has nullified a minor negative/consolidation pattern on the daily chart and this display a strength of upside momentum in the market. This is positive indication and one may expect more upside in the short term, ---------------------------------------------------------------------------------------------------------------------------------------------------------------
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