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- Major resistance - 17300
- The index has once again retreated after making a high of 17236 yesterday. It is currently trading around 16718.Short term trend is bullish as long as support 16500 holds.
- On the higher side the index is facing minor resistance around 17300 any break above 17300 will take the index to next level till 17520/17870.
- The index major support is around 16500 and break below targets 16000/15500.
- Short term bullish invalidation only below 15500.
It is good to buy at dips around 16700 with SL around 16500 for the TP of 17300/17520/17870
