NIFTY UPDATE

NIFTY Looks fine. Tested the zone of 16950/17050 Today. From here supports have shifted higher to 16780 on Spot. On upside there are some Techmical challenges. 1st at 17110 which is a Triangle Point. 2nd is a dead zone of a Circle at 17230. Which also co,insides with a Vibration Angle. Going forward setup remains buy on dipps only until 16780 is Protected.

Better to close long positions if 16940 breaks. No short trades possible until 16780 is held on spot.

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