Immediate trend is down. Market is making lower high lower low against support 17650 which means it is getting weaker, break of 17650 likely.
Today's possible trades -
1. Enter short on break fail of 17800 for target 17700 and
17600.
2. Enter short below 17650 if it sustains below it.
3. Long above 17850 only if it makes higher high higher low.
NSE:NIFTY
Expecting bounce in nifty from this level closing above 18200 will lead to new upside rally
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This is our personal view and this analysis is only for educational purposes.
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