Good morning friends,
It was real shaky day yesterday and Nifty slipped from higher levels. Technical charts are showing signs of trouble but it still has to break key support of 17200.
17792 is a short term top. World is eyeing on china trouble and US fed tempering. Fine, I do not prefer to watch news flow but that's concerning.
As per the charts are concern we can sense a test of 17200 levels sooner or later.
We are two day away from derivative expiry. This can add spice in volatility.
Let us see how market react at higher levels. Remember, Nifty goes in green yesterday and then slipped. It was a tremendous day. So, why it can't repeat today.
Happy trading.
