Technically Nifty Spot Current trading range is 17270-17070. Mid point 17170.

Technically Nifty Spot Current trading range is 17270-17070. Mid point 17170.

On the Upside:- Resistances are above 17270--- 17320--17360--17430—17470. Extended basis major 17530--17590.

On the down side :- Supports below 17070 --- 17000 ( crucial support) & if breaches then then may slip upto 16900/840 ( 200-day exponential moving average).

Therefore, it will be prudent to remain neutral on the index but bulls may hope that a possibility of upside bounce from here or from near 17000 mark as a relief rally.

Options data indicates that in the coming days, the Nifty could see a wider trading range of 16800 to 17500.

India VIX after long correction sudden surged upto 20.48 taking support from crucial 200 DMA area 17.60 & settled at 19.33, up by 1.55 points.

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Source : Eureka

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