Spinning top pattern formed in support zone. If above 17200 candle should be closed in daily chart. Highly chance to nifty 50 touch 17700. This week may be inside candle pattern formation or may be bullish engulfing pattern.
Upside momentum slow down . 2 things happen:-
- Below 40800 close down . BNF fall down. target- 40200 - 40250
- Consolidation Range bwtween 40800 - 41300 then breakout. Ready for upside. ( consolidation near trendline shows seller weak ).
