Nifty Spot *On the down side

By A STAFF REPORTER

Intraday basis negative below 17188 & then bears support levels are :- 17130 & 17070.

Fresh break down below 17070/040 & then swing basis other supports are :- 17000--16959—16900.  

200dma & main life line support at 16865.

*On the upside :-* 

Intraday basis positive above 17235 for a move towards :- 17260—17292 & then 17335—17375. 

Break out basis swing hurdles are 17454—17520 & very major 17615.

*Option Table data* indicates decent support at 17000 and reasonable resistance at 17400.

*India VIX* jumped more than 3 percent to nearly 23 levels.

Source : Eureka

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Source : Eureka

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