Bullish Setup Formed in Nifty. A positive Bullish Divergence also Can be spotted. One can go long if gets opportunity to enter at 17160-17200. with a strict SL of 17145. Strong resistance 17385-17430 range. If nifty Manages to close above 17450 we may see nifty touching 18000 levels again.
GLOBAL CUES -POSITIVE OPTION CHAIN WEEKLY& MONTHLY SUPPORTING CURRENT UPMOVE TREND. 17000 Strong Put writing, Strong support for this week.
Note
NIFTY AT CRITICAL LEVEL FOR INTRADAY 17,385 -17,400 IF IT DOESNT CLOSE ABOVE 17430 NOW WE MAY SEE PROFIT BOOKING TILL 17300.
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