NIFTY - LATE NIGHT CUES OR MORNING CUES?

Nifty late night cues overseas of very negative while post Japan Data markets looks green else where. What will we pick up. Will we ignore yesterday loss and focus only today gains. Support 17230 is crucial if we break then there is potential HnS pattern taking it to 17100. Strong supply 17400 holding the gains. Larger range 17100-17500 in play. Direct Break 17230 would be bearish. Watch, if break then short stops 17280 else longs with 17230 stops for 100 point either way move. Being weekend market may be reluctant to move either way.