NIFTY - BULLS N BEARS ON DEFENCE

Nifty bulls attempt above 17400 plus and multiple times failure, thus bears appear to have drawn their defense. Bears tried their might failed on close to trigger below 17250 that appears to be a defense line for the bulls. With this the near term range (on Close basis remain 17250-450) only break to give direction. Any close either of this to produce another 150 points move. With all the volatility of the week market would be less inclined to take either way without substantial clues form overseas. Trade this range bias tad to buy on the dips 17280 strict stop17230 for 17400