As it was very much evident from the yesterday’s Market session as well, Nifty seems to be utterly confused within its predicted range of 17300-16800. As it is clearly observable, the index is finding a lot of difficulty in either stably crossing over or breaking down through the stated levels of Resistance and Support respectively.
So, on keeping the indices movement on our strict watch, we need to be highly cautious and wait for it to stably take a fresh move on the either side.
Stay Cautious and avoid being too aggressive, as of now.