Current immediate range

By a staff reporter: 

Current immediate range 17150 to 17300 & expected extended range 16900 to 17400 <+/- 30 points >.

A fresh base has been created at 17170/150 and if the Nifty stays above it, the pullback can be expected to continue but if the index fails to hold the level, profit booking can be expected towards 17100 even 17000.

Intraday basis Resistances on the upside :- Above 17268 & then 17303—major 17343/357.

If fails to cross 17270 initially then profit taking possible & traders may watch only on dips.

Supports on the Down side :- Below 17200 – 17180—17161 & then 17144/125.

The Option data Table indicates decent support at 17000 and reasonable resistance at 17300 .

Source : Eureka

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