After the Fed meeting and decision to increase rates, the US markets witnessed volatility. Indian indices opened lower but staged a recovery in the initial 30 minutes. However strong buying support is likely to come in near 17500-17400 zones only and it may be worthwhile to take a short side trade near to 17720-17760 keeping a stop loss of 17830 and looking for targets of 17630/1758017510/17480
Disclaimer: The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.