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- Major resistance - 17200
- The index has slightly retreated after making a high of 17307. It is currently trading around 17209.Short term trend is bullish as long as support 16750 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 minor support is around 17000 and break below targets 16750/16500.
- Short term bullish invalidation only below 16500.
It is good to buy at dips around 17050-17100 with SL around 16750 for the TP of 17520/17870
