Good morning friends,
A big question that is running in everybody's mind is, "When will correction come?" It doesn't matter weather you are bull or bear but this is a genuine question to ask.
The way I am reading the chart, we may see a possibility of correction sooner. It may come by this week or next week or week after but it is a over due correction and market dynamics will force market for a correction.
For today's trading, I picked two important resistance,
Resistance 1 = 17380,
Resistance 2 = 17440.
Crucial supports are as follows
Support 1 = 17280
Support 2 = 17230
I favour bears today. Nifty is likely to hit the support zone but market nature will be volatile to extremely volatile.
Do improvisation during trading hours.
Happy trading
