Nifty Spot On the downside

By a Staff Reporter- Bears will be initially active below 17330/300 for the 1st support 17230/212 & then more selling pressure next support 17150/120 & 17070.

Extended basis Major 17005—16955. Life line support 200 dma now at —16838.

On the upside :-

Bulls will initially try to cross 17377 for at least testing 1st Resistances 17420/444. More strength will resume if decisively stay above that but main Resistances are 17490. Main strength should not be expected till Nifty closes above 17500.

Then only extended basis 17555 & very Major 100dma hurdle at 17630.

Source : Eureka

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