Good morning friends,
Nifty faced resistance at 17600 levels and slipped. What a slip it was. It has given edge to bears. Now we have two meaningful support. One is at 17230 then at phycological 17000 and then at 16800 levels.
On higher side even 17500 may act as stiff resistance. Final resistance is at 17600. If it can sustain above 17600 then only we will have some words for bulls.
Today is monthly expiry and it is interesting to see. It is looking like we may get continuation of sell off.
Regards,
Praveen Kumar
