Nifty Spot On the Upside

Intraday basis :- In case some bouncing occurs subject to maintain 17180/200 then above 17244 1st pivot hurdle at 17289/300. If crosses then intraday basis major hurdles are 17350-17400. On the upside 17430/40 -50dma crucial barrier.

Swing basis major hurdles are 17500-17600. No bullish hope as long as sustains below 17600.
Cautious at higher ends – fresh selling opportunities will be there.

On the Down side:-

Intraday basis :- Below 17180 – next support 17120 & 17080. But below 17200 next Major stoppage at 17040.

Swing basis :- Below 17040 - Next supports are :- 16980 & then 16925-- & final support at 16830.

Option data indicated wider trading range of 16800 to 17600.

India Vix rose 8.14% to 20.44 levels indicating more choppiness.

Source : Eureka

Please register at https://kyc.eurekasecurities.net/home/index/729 for opening Trading and Demat Account.